The government of Hungary has presented the main goals of its National Energy and Climate Strategy, which aims at reaching a 90% carbon-neutral power generation by 2030, mostly from nuclear and solar. Hungary will maintain nuclear capacity, promote renewable power generation and substitute fossil fuels in the transport sector. It will also reduce electricity imports from the current average of 30% of electricity consumption (46% in 2018) to less than 20%. The authorities estimate that it would cost up to HUF50,000bn (€149bn) to achieve climate neutrality by 2050, by producing CO2-free electricity, replacing gas use and reach 100% electric transport.
Since 2000, Hungary has reduced its CO2 emission by 32% and energy use by 15%. Hungarian authorities are currently elaborating a climate action plan, which would comprise commitments to clean up rivers, ban illegal rubbish dumping and equip all cities with electric buses by 2022. In addition, Hungary pledges to reduce greenhouse gas emissions by at least 40% by 2030 compared to 1990 levels and to raise the share of renewables in final energy consumption from the current 13% to 21% by 2030.
By the end of 2020, the Ministry of Innovation and Technology (ITM) plans to develop a long-term, comprehensive National Clean Development Strategy to achieve 2050 climate neutrality.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.