Hungary is poised to take a leading role in developments related to climate protection both here and abroad.
With a view to implementation of the Paris climate accord, an environmental non-profit will be established in the Western Balkans where Hungary will drive developments related to climate protection.
The innovation and technology ministry announced that the Green Center Nonprofit is being jointly established by the ministry and the South Korean Global Green Growth Institute (GGGI) to carry out climate protection activities in six countries: Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Montenegro and Serbia.
Thanks to the initiative, Hungarian companies will gain access to climate financing tenders in the region, while the ministry will finance hundreds of millions of forints each year from carbon quota income.
Péter Kaderják, state secretary for Energy and Climate Policy, said the Hungarian government and the institute are keen to promote green policies in the Western Balkan region with the new center, which shows Hungary’s commitment to the Paris accord.