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Policy
Hungary
2021
Hungary National Energy and Climate Plan (NECP)
The National Energy and Climate Plan (NECP) defines Hungary’s climate policy goals through 2030, incorporating 2040 perspectives. Hungary’s main objectives by 2030 indicated in the Plan are as follows: • Reduction of gross GHG emissions compared to 1990: minimum of -50%• Reduction of ESR emissions compared to 2005: minimum of 18.7%• Final energy consumption: maximum of 740 PJ• Share of interconnected electricity systems: minimum of 60%• Share of renewable energy in gross final energy consumption: 30%
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Policy
Hungary
2012
2030 Energy Strategy of Hungary
Hungary’s Energy Strategy indicates that by 2030 country will reach approximately 20% of renewable energy share in primary energy demand. This is an indicative rather than binding target.
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Policy
Hungary
2024
Hungary - REPowerEU
Hungary expanded its Recovery and Resilience Plan with an additional chapter on REPowerEU, endorsed by the EU Commission on 23 Nov 2023. The chapter is worth EUR 127.09 million. To finance the measures, Hungary has requested to take up €3918 million in loans, in addition to Hungary’s REPowerEU grant of €700.5 million.
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Policy
Hungary
2017
Hungary METÁR system
…necessary legislative amendments were adopted by parliament in June and December 2016. The KÁT system continues to operate for existing plants following the introduction of METÁR; however, only new entrants will be eligible for the METÁR support mechanism.
The purpose of the new mechanism is to facilitate the integration of renewable electricity producers into the market, as well as to support the fulfilment of Hungary’s 2020 renewable energy targets. Under METÁR, renewable electricity generators, with the exception of non-wind power plants under 0.5 megawatts (MW) and those already receiving a FIT, shall sell electricity on the market… -
Policy
Hungary
2006
New Hungary Development Plan (NHDP) and Environment and Energy Operative Programme (KEOP)
The programmes use EU and Hungarian government funds to provide subsidies for energy efficiency and renewable energy investments. Various sectors are targeted, including energy production, transport, distribution and end-use, with a special focus on public buildings.
The programme aims to improve energy efficienc across sectors, including energy production, transport, distribution and end-use, with special focus on public buildings. It also aims to increase the share of renewable energy to 13% by 2020.
Small- and medium-sized enterprises, public institutions and non-profit organisations can apply for the subsidy. The programmes support the following planned activities in the field… -
Policy
Hungary
2021
National Hydrogen Strategy
Hungary's National Hydrogen Strategy defines an action plan detailed by sector, with production and utilization objectives in the medium term. Targets for 2030 include 36 ktpa of low-carbon hydrogen (including 16 ktpa of renewable hydrogen), 240 MW of electrolysis, 24 ktpa of demand for industrial use, 10 ktpa for the transport sector, 2% blending in the NG grid, two hydrogen valleys. Total funding defined in the strategy of HUF 105-135 billion
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Policy
Hungary
2024
Support for the purchase of electric vehicles for companies
Hungary offers various incentives for Battery Electric Vehicles (BEVs), including exemptions from company car tax, registration tax, annual vehicle tax, and property transfer tax for green plate vehicles. Businesses can deduct costs related to electric charging infrastructure and 50% of VAT on BEV operating expenses. A €79.1 million subsidy programme supports BEV purchases, with grants ranging from €5,500 to €10,500. Additionally, Hungary is expanding its EV charging network with a €72 million programme, installing over 100 public charging points outside Budapest, and encouraging the integration of solar panels and battery storage. Most municipalities also offer free public…
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Policy
Hungary
2013
Act No. XXIII of 2013 on Minimum Stocks of Imported Crude Oil and Petroleum Products
Hungary’s response to oil supply disruptions is primarily governed by the provisions of the Act No. XXIII of 2013 on Security Stockpiles of Imported Crude Oil and Petroleum Products that repealed and replaced Act No. XLIX of 1993 on the Security Stockpiles of Imported Crude Oil and Petroleum Products, which aims to implement relevant European Union legislation governing emergency oil stocks.The Hungarian Hydrocarbon Stockpiling Association is the central stockpiling organisation. Importers can subscribe to this association and also contribute to the association's oilstockpiling mandate. The Minister for National Development also has the power to decree demand restraint…
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Policy
Hungary
2024
Support for geothermal energy exploration and exploitation
Hungary is supporting geothermal energy exploration and exploitation which includes subsidies on geothermal energy exploration and exploitation.
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Policy
Hungary
2023
Support for investment in EV parts manufacturing plant
The Government of Hungary will provide 5.6 billion forint (EUR 14.3 million) incentive to Boysen Group company that is investing 60 billion forint in a new manufacturing plant producing parts for electric vehicles that will create 400 new jobs.