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EUR 109.6 million to pay municipal energy bills
The Government of Hungary allocated a total of 44 billion forints (EUR 109.6m) to help local governments pay their energy bills in 2023. The measure supports 138 municipalities and 17 districts in Budapest with a total of 10 000 residents.
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HUF 5 billion in fuel subsidies for municipal residents
The Government of Hungary allocated HUF 5 billion in subsidies to municipalities for the purchase of firewood and coal to help vulnerable communities amid the energy crisis. Until 28 April 2023, municipalities with under 5,000 inhabitants can apply for the non refundable direct grants under the program provided they have issued a municipal decree setting up the rules of distribution of the subsidies to their vulnerable residents. The government will pay out the grants to eligible municipalities by 15 September 2023.
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Hydrogen production, transportation and refuelling stations
The Government of Hungary is investing in hydrogen-related measures which includes its production, H2 trucks, H2 buses and H2 refuelling stations.
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Railway electrification
The Government of Hungary was investing in the electrification of railway sections to contribute to the development of electrified cargo and passenger transport network in the EU.
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Amendment of FDI screening rules
Government of Hungary amended its FDI screening rules through Government Decree No. 566/2023, introducing government pre-emption rights for FDI involving strategic solar power plant companies. This enables the Government to prioritize its acquisition over others. As such, under the FDI, the acquired company must transfer the asset to the Hungarian National Asset Management Ltd within siz months of it falls under the FDI decree. Small household power plants, i.e., power plants with capacity below 50 kVA are excluded from the pre-emption right. The act will come into force on 13 Jan 2024.
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Gergely Molnar
Energy Analyst – Natural Gas.
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Sustainable Transport for Georgia: A Roadmap Executive summary
Georgia is at a pivotal point in shaping sustainable transport policy. This roadmap guides policy makers in making transport cleaner, fairer and more efficient while building on Georgia’s strengths – its location, institutions, competitive wages, low-emissions electricity and natural resources. Key opportunities include assembling and producing electric vehicles; manufacturing cells and battery components for mobility and storage; strengthening regional freight links; and developing low-emission fuels.Road transport has become cleaner and more efficient, but progress needs to accelerate. Car ownership and freight activity have risen along with incomes, but this comes at a cost: Nearly all of Georgia…
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India
Energy demand in India is growing rapidly with major implications for the global energy market. The Government of India has made remarkable progress in providing access to electricity and clean cooking while implementing a range of energy market reforms and integrating a high share of renewable energy sources into the grid. India, with a population of 1.36 billion and a fast growing economy, has seen its energy demand increasing rapidly as the country continues to urbanize and the manufacturing sector develops. This growing demand is met through various energy sources, with coal set to remain the largest source of…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Cobalt
Outlook for key energy transition minerals This report provides an outlook for demand and supply for key energy minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. Demand projections encompass both key energy technologies and other uses under different IEA Scenarios. Supply projections are based on a detailed review of all announced projects. They show how today's geographical concentration evolves over time, for both mining and refining and how expected supply compares with primary supply requirements.
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Investment in next-generation geothermal is surging. Policies are key to further growth
Next-generation geothermal readies for take-off Next-generation geothermal is seeing a burst of financing, innovation and new supply agreements Geothermal energy harnesses naturally occurring heat found beneath the Earth’s surface to provide heating and cooling, electricity and energy storage. As global electricity demand rises and power systems place a growing premium on firm supply, geothermal energy’s ability to provide an around-the-clock, low-emissions source of power is attracting renewed attention. However, easy-to-access conventional geothermal resources are relatively rare and mostly confined to a small number of shallow geothermal hotspots globally, accounting for…
