Gov't to subsidize renewable energy with Ft 22 bln in 2006

Analysis

The state will subsidize renewable energy use with Ft 22 billion in 2006, equivalent to Ft 0.6 per kWh, deputy undersecretary at the ministry of Economy and Transport György Hatvani told a conference on alternative energy on Friday.

A strategy which aims to boost the amount of energy from renewable resources in Hungary from 5.2% of the total to 8.2% by 2010 will soon come before parliament, Hatvani said. Most of the increase is expected to come from biofuels, including wood biomass. Within the next decade, the use of renewable energy resources could increase 60%, rising by the same amount as global energy consumption, which would mean renewable energy's proportion of total energy use would remain unchanged around 14%. Of this amount, 10 percentage points come from hydroelectric power, wood biomass and other biomass.

ADVERTISEMENT

Croatia inflation steady in May Figures

Croatia inflation steady in May

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.