Hungary

Hungary’s National Energy Strategy to 2030 was also updated to include an outlook until 2040 focusing on clean, smart and affordable energy while strengthening energy independence and security, and decarbonising energy production.

Renewable and nuclear electricity, and electrification of end-use sectors, are identified as the key drivers towards the 2050 target. Hungary expects substantial investments in the power sector, notably for the construction of two new nuclear power generating units. Renewable energy production has increased significantly but growth in the sector has slowed. The introduction of a new support system for electricity from renewable sources could get progress back on track. However, measures that limit wind power developments are likely to have a negative impact on the sector.

Hungary’s greenhouse gas emissions have declined as the economy has become less carbon-intensive. Nonetheless, the country could adopt more ambitious targets for emission reductions to 2030 because the target of cutting emissions 40% from 1990 levels laid out in the new climate law will require much larger emission cuts in the following decades to reach net-zero in 2050.

Last updated Sep 9, 2022