Hungary will make a 6% cut in the country's emissions of greenhouse gases by 2012 as compared to 1985-1987, in accordance with the stipulations of the Kyoto Protocol, state secretary of the Environment Ministry László Dióssy said.
Dióssy said that revenue from emissions trading should be used exclusively to supplement EU funding for emission-reduction investment, since Hungary's government budget will not contain sufficient resources for this purpose as a result of the global financial crisis.
Dióssy added that after 2012 Hungary will continue to reduce its greenhouse-gas emissions in conformance with European Union inter-state agreements.
The EU plans call for members states to make a 30% reduction in their emissions of greenhouse gases by 2020 and a 60%-80% cut by 2050 as compared to 1990. (MTI – Econews)