The strategy defines an ambitious 14.65% share of renewables in the country’s energy mix by 2020, more than the 13% demanded by the EU, the National Development Ministry said. Simultaneously, the government expects the set of measures laid out to boost the economy, reduce Hungary’s dependence on Russian natural gas imports, the creation of jobs and enhancing competitiveness.
Currently Hungary is in the bottom ranks of EU nations with regards to the percentage of renewables in the national mix, but the realization of the plan will raise the country to the mid-ranks, the ministry said.
The document defines a set of incentives, financial as well as regulatory, expected to facilitate the investments and upgrades required to reach the target. Beside the developments, it proposes efforts to shape public perception of sustainable energy that are also required to succeed.
The government goals admittedly hinge on envisioned changes to outside circumstances, such as the advancement of technologies and the related drops in investment costs in the coming years, but the ministry stated the targets are achievable.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
