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Government spending for domestic electric vehicle battery manufacturing
On the 6th of February 2023, the Ministry of Foreign Affairs of Hungary announced a total of HUF 2.3 billion in state support to Nippon Paper Industries for investments in a manufacturing plant in Vácrátót. The plant will produce carboxymethyl cellulose polymer, which is a component for lithium-ion battery anodes in electric vehicles, and is expected to start production at the end of 2024.
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Act XLVIII of 1993 about mining
The Act regulates the mining, exploration and extraction of hydrocarbons and minerals in Hungary. Ownership of the hydrocarbon can be transfered towards a mining contractor against a mining royalty.
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2019 National Energy and Climate Plan - Coal phase-out
In the NECP submitted to the European Commission in 2019, Hungary aims to phase out coal and lignite from domestic electricity production by 2030 at the latest, in order to reach its emissions reduction objective by at least 40% by the same date compared to 1990. The target aligns with the updated NECP updated in 2023.
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Climate and Nature Protection Action Plan - RES support
As part of its Climate and Nature Protection Action Plan, Hungary will demand from multinationals to use environmentally-friendly technologies, and at the same time provide HUF 32 billion in support to renewable energy production by small-medium enterprises (SMEs).
By investing in local renewable energy, the Government will make energy consumption cleaner while strengthening the energy independence of SMEs. The fund will support the full/partial replacement of their energy supply with local renewable sources, and help improve their competitiveness. -
EU Funded Lignite generation decarbonization project
The European Commission has announced funding for the phase-out of lignite generation at the Matra power plant in Hungary, as part of its LIFE Environment and Climate Action program with a total investment of €121 million ($145.59 million USD).
The goal of the project is to decarbonize the plant by 2030, Hungary’s the last remaining coal-fired plant, via a mix of renewable energy, energy storage and natural gas technologies, and close two associated open-cast lignite mines by the same date. The phase-out would reduce Hungary's greenhouse gas emissions by 14%, or around 6… -
Energy Efficiency Grants for Households - SZT-EN-1 and SZT-LA-2 Programmes
To modernise the large number of poorly insulated housing blocks, Hungary launched a reconstruction programme (the SZT-EN-1 Programme) within the Szecheni Plan. The programme offers a non-reimbursable grant (of up to Ft 60 000 per apartment) to people wishing to make energy efficiency investments (for example, in heating reconstruction, additional insulation and window and door replacements) in their houses.
In 2001, the Energy Centre supported around 4 000 applications; total grants amounted to Ft 1.51 billion. In 2002 out of 8 400 applications 7 900 were supported (the rest were not because of lack of available… -
Government resolution on the use of biofuels
According to the Government resolution 2233/2004. (IX. 22.) Hungary has an obligation to increase the use of biofuels in transport to 0,4-0,6% by 2005. This proportion should reach 2% by 2010.
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Coal Mid-Year Update 2025 Supply
Regardless of mixed regional trends in 2024, coal supply reached an unprecedented level Global coal production reached a record 9.15 Bt in 2024, driven primarily by strong output in China, India and Indonesia. Domestic coal is the largest source of energy supply in both China and India making coal production central to their energy security strategies. After shortages in 2021, both countries boosted production, a push that lasted a few years to reach an all-time high in 2024. China remained the largest producer, maintaining output at 4 666 Mt. Although Shanxi, traditionally the largest coal producing province, reduced production by…
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Oil 2025
Analysis and forecast to 2030 Global oil markets have so far had a turbulent 2025. Heightened trade tensions and uncertainty have weighed on the world economy and, by extension, oil demand growth. Combined with the recent OPEC+ decision to accelerate the unwinding of oil production curbs that have been in place for several years, these factors have recently pushed international oil prices to four-year low in April and early May. At the same time, shifts in energy policies are affecting oil producers and consumers alike, with oil supply security remaining high on the international energy policy agenda.Oil 2025…
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Advancing Methane Emissions Reductions by National Oil Companies
National oil companies (NOCs) are responsible for around half of all global oil and gas production today and their actions strongly influence methane abatement prospects. More than 30 NOCs have joined the Oil and Gas Decarbonization Charter (OGDC) and are engaging in initiatives to tackle methane emissions and flaring. There is a major opportunity for NOCs looking to implement best practices in methane management to learn from the experience of peers in order to deploy strategies that are adapted and tailored to their circumstances. Best practices include adopting measures to limit flaring and venting, implementing leak detection and repair programmes…
