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

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.