Minister of Foreign Affairs and Trade Péter Szijjártó talked about harmonizing sustainability and competitiveness at the Ökoindustria 2021 Green Expo.
Hungary has expanded its economic performance while producing fewer harmful substances. Domestic emissions account for just 1 percent within the European Union, while the proportion of its population is 2 percent, Szijjártó stressed.
Since 1990, carbon emissions have fallen by 32 percent and energy consumption by 15 percent, Szijjártó said, adding that Hungary has committed to making its electricity production 90 percent carbon-free by 2030 and climate-neutral by 2050. The capacity of solar panels has also increased thirteenfold since 2018, and the goal is another sixfold expansion by 2040; meanwhile, the share of renewable energy sources in Hungary will increase to 20 percent within 10 years. Domestic emissions already placed the country eighth in the world last year, he added.
Szijjártó also stressed that without nuclear energy, climate targets cannot be met, and it is estimated that Hungary’s new Paks power plant will prevent the production of 17 million tons of carbon dioxide per year.
The minister also noted that Hungary plays a key role in the greening of cars, as the largest battery factories in the world are being built here.
According to the FM, the environmental challenges are joint and several, and Hungary’s responsibility is therefore not limited to the Carpathian Basin. The 2020 budget provided more than HUF 120 billion in support to 550 international projects in 110 countries around the world, all of which contributed to the responsible use of natural resources. Hungary’s contribution to international developments has tripled in 10 years, he said.
Szijjártó emphasized that with the participation of economic actors, Hungary can switch to circular production and greener operations. The government has been and will continue to stay open to such collaborations, he added.