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Economy & Policy

Hungary is committed to climate neutrality by 2050

The Hungarian government is of the opinion that the costs of mitigating climate change should be borne by those who contribute most to the problem.

Tamás Schanda, State Secretary at the Ministry for Innovation and Technology, said 2-2.5 percent of GDP, some 120 billion euros, will have to be invested in environmental protection development projects over the next 30 years to achieve the goal of climate neutrality in Hungary by 2050.

During December’s European Council meeting, Hungary supported the idea of ​​the European Union achieving climate neutrality by 2050. The Hungarian government is of the opinion that the costs of mitigating climate change should be borne by those who contribute most to the problem.

The government insists that Hungarian families should not pay for the costs incurred by others and will avoid raising the price of food and energy to compensate. It also insists on maintaining cohesion funding and attaches great importance to nuclear energy, because without it there will be no effective reduction in emissions.

“The richest states, the largest polluters, and the largest multinationals must take their share of this,” Schanda said. 

According to data from 2018, 43.5 percent of the EU’s carbon dioxide emissions were caused by three large polluters: Germany, the United Kingdom and Italy. Hungary has an annual carbon dioxide emissions of 5.4 tons per capita, making it responsible for only 1.4 percent of total community emissions.

Source
Kormany.hu
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