The energy ministry said Hungary’s National Energy and Climate Plan (NEKT) is being adapted in view of the changing international environment, including measures to significantly reduce emissions and increase the ratio of renewables in the national energy mix.
The ministry said the revised plan is aimed primarily at reducing Hungary’s dependence on imports while moving the country closer to achieving its goals in climate neutrality and sustainability. Under the revised plan, Hungary would cut gross greenhouse gas emissions by at least 50% by 2030. The ratio of renewable resources would be raised to 29% from 21%, and that of solar energy to 12GW. The ministry noted that investments related to measures contained in the revised NEKT would cost a total 4,000 billion forints (EUR 10.8bn). The ministry has drafted the revised plan after several rounds of consultations with industry players and civil organisations over the past two months. Under EU regulations, member states must submit their revised national energy and climate plans by June 30 in 2024.