Emission and energy use
The 2050 climate target of net-zero emissions is an EU commitment that Hungary has enshrined in law.
We have seven years left to avoid the worst impacts of climate change, according to the IPCC Working Group 3 report. We have all the tools we need to avoid climate disaster; we just need to use them.
According to a recent McKinsey study (2022) and related implementation pathway, Hungary could reduce emissions by 55-60 percent by 2030 and 100 percent by 2050, while increasing its energy security.
The cost-optimal decarbonisation of Hungary is expected to require additional capital investment (CAPEX) of €150-200 billion by 2050.