ADVERTISEMENT

EU-28, Hungary on track for 2020 renewable energy goal

EU

European Union statistics office Eurostat this week released a report on the use of renewable energy sources in member states with an eye toward the European Commission’s 2020 Climate and Energy Package. The news appears mostly positive, with the great majority of EU-28 countries – including Hungary – on track to reach the set goals.

The overall use rate of renewable energy represented 14.1% of the EU’s consumption in 2012.
Three countries – Sweden, Estonia and Bulgaria – increased renewable-energy use enough in ’12 to have already reached their 2020 goals of 49%, 25% and 16%, respectively. Estonia actually met its mark in 2011, thereby becoming the first success story of the green plan.

Hungary’s own use of renewable energy sources has seen a steady increase since 2010 of right about 0.5% per year, from 8.6% to 9.1% to 9.6% in 2012. A continued increase at this rate would have the country meeting its goal for ’20 at essentially exactly the appropriate time.

On the other hand, Hungary is graced with one of the lowest benchmarks to reach, a 13% proportion. As of the end of 2012, only seven EU member states – Ireland (7.2%), Cyprus (6.8%), Belgium (6.8%), Netherlands (4.5%), the UK (4.2%), Luxembourg (3.1%) and Malta (1.4%) – got less energy from renewable sources than Hungary.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.