Hungary was the first EU member state to legislate achieving full climate neutrality by 2050. The path to this is determined by the National Clean Development Strategy adopted by the government, Attila Steiner, Secretary of State for the Development of the Circular Economy, Energy and Climate Policy, said.
According to the strategy, Hungary will achieve full climate neutrality by 2050 without its implementation jeopardizing economic growth or prosperity.
Hungary is starting from a favorable position because its gross domestic product has grown since 2000, while CO2 emissions have decreased. Since 2010, the Hungarian economy has been able to produce one percentage point of GDP with 24 percent less greenhouse gas emissions.
Another important goal for the Hungarian government is to ensure that most of the costs are paid by the biggest polluters and that the transition does not increase the overhead costs for families.
Maintaining nuclear capacity, increasing the use of renewable energy, improving energy efficiency and greening transport are essential to reducing greenhouse gas emissions in the energy sector.
Both scenarios examined in the Clean Development Strategy show that the benefits of decarbonizing the economy outweigh the investment costs. Through appropriate training and retraining programs, the Hungarian economy can benefit from the climate neutrality transition.