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Renewables 2020
Analysis and forecast to 2025 In May 2020, the IEA market update on renewable energy provided an analysis that looked at the impact of Covid-19 on renewable energy deployment in 2020 and 2021. This early assessment showed that the Covid-19 crisis is hurting – but not halting – global renewable energy growth. Half a year later, the pandemic continues to affect the global economy and daily life. However, renewable markets, especially electricity-generating technologies, have already shown their resilience to the crisis. Renewables 2020 provides detailed analysis and forecasts through 2025 of the impact of Covid-19 on renewables in…
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Energy Policies of IEA Countries: Hungary 1999
Energy Policy Review Energy Policies of IEA Countries: Hungary 1999 The International Energy Agency's 1999 review of Hungary's energy policies and programmes. Hungary joined the International Energy Agency on 3 June 1997 as part of its transition toward a market economy and integration into the West that began after 1990. It also envisages accession to the European Union (EU) within the next three years. This will require further changes to the country’s energy sector that underwent considerable change during the transition years. Previously operated by the state-held body MVM, Hungary’s electricity supply industry was restructured…
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Energy Policies of IEA Countries: Hungary 2011 Review
Energy Policy Review Energy Policies of IEA Countries: Hungary 2011 Regional co-operation is a vital element of Hungary’s energy market and energy security policy. Hungary, which shares borders with seven countries, is well placed to improve regional energy security by catalysing the development of closely integrated regional markets for electricity and natural gas. A country strongly dependent on natural gas imports, Hungary has taken several commendable steps to manage risks to its supply. It has enhanced storage capacity and diversified cross-border capacity, and it is developing new supply routes. Hungary is also working hard to strengthen the…
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Latin America Energy Outlook 2023
World Energy Outlook Special Report Latin America and the Caribbean is a region that stands out in the global energy sector. It boasts extraordinary natural resources – both fossil fuels and renewable energy – and a significant share of the world’s critical minerals. It also has a history of ambitious policy making in pursuit of stronger energy security and greater sustainability that has delivered one of the cleanest electricity mixes in the world. As the region emerges from a period of sluggish economic growth, countries in Latin America and the Caribbean now stand to leverage these resources to revitalise their economies…
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Energy Policies of IEA Countries: Hungary 2006
Energy Policy Review Energy Policies of IEA Countries: Hungary 2006 Hungary has arrived at an important moment in its energy policy. The Hungarian government has improved energy policies in a number of areas. Still, significant challenges remain. To prepare the country for the full liberalisation of the EU electricity and gas market by July 2007, further steps in market reform are urgently required. At this point in time, there is no clarity about the system under which the market should operate after its full opening. Subsidies are another problem. Even though substantial progress has been made in reforming payments to…
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Hungary 2022
Energy Policy Review The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices and experiences.Since the last IEA review in 2017, Hungary has increased its climate ambitions by legislating a carbon neutrality goal for 2050 and adopting a long-term vision with the National Clean Development Strategy, which guides energy policy decision making.Hungary has a strong starting point with considerable low carbon generation thanks to a remarkable growth of solar photovoltaic (PV) and the lifetime…
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Energy Policies of IEA Countries: Hungary 2003
Energy Policy Review Energy Policies of IEA Countries: Hungary 2003 The International Energy Agency's 2003 review of Hungary's energy policies and programmes. It finds that Hungary has made remarkable progress in liberalising its energy markets, as part of the government's aim to strike a balance between energy security, economic efficiency and environmental protection. A new Electric Power Act was passed in December 2001, partially opening the electricity market to competition by 2003 and to full competition by the time Hungary accedes to the European Union in 2004. A new law on gas will be approved in 2003…
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Colombia Case Study
Cost of Capital Observatory Case Study The Cost of Capital Observatory is an initiative from the IEA, the World Economic Forum, ETH Zurich and Imperial College London. The aim of the Observatory is to increase transparency in the energy sector and inspire investor confidence, especially in emerging and developing countries where data on financing costs is scarcer.Case Studies include lessons learnt of how policymakers, together with the private sector, development finance institutions and other entities managed to mitigate risks and mobilise capital for clean energy sectors across the emerging and developing world.
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Boosting Efficiency in Latin America
Delivering affordability, security and jobs to advance people-centred energy transitions Countries around the world are facing an energy security and affordability crisis affecting households, businesses and public budgets. In Latin America, household expenditure on energy services is second only to food. On average, the share of household budget for energy ranges between 7% and 9% of income – and up to more than 24% for the poorest households. As governments urgently implement measures to protect citizens and secure their economies, it is important to consider short- and long- term solutions to ease existing pain and reduce risks over time. While…
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Colombia Energy Profile
The Latin America Energy Outlook, the International Energy Agency’s first in-depth and comprehensive assessment of Latin America and the Caribbean, builds on decades of collaboration with partners. In support of the region's energy goals, the report explores the opportunities and challenges that lie ahead. It provides insights on the ways in which the outlook for the region and the biggest global energy trends are deeply intertwined – as well as recommendations on policies that could allow Latin America and the Caribbean to take full advantage of its great potential.