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By 2030, Hungary will have the fourth largest capacity in the world for storing green energy after China, the United States, and Germany, the Government Commissioner responsible for professional cooperation in economic strategy tasks announced at a press conference on Tuesday.
László György said that the green economy is a market that is growing by 30 percent per year, directly providing hundreds of thousands of families and indirectly millions of families with a livelihood and well-paying jobs for decades to come. This economic sector that was worth USD 1,300 billion in 2020, six and a half times Hungary’s GDP, is expected to grow to USD 10.3 billion by 2050, he added.
The government commissioner stressed that
Hungary has the potential to break into this market, but this requires investment and knowledge centers working with businesses setting up in the country.
Universities are the key players that “train” young people for these jobs, he added.
György mentioned that the government announced its climate and nature-protection action plan in 2020, setting the goal of generating 90 percent of electricity in Hungary from green, carbon-neutral sources by 2030.
We are now at the point where the solar capacity targets for 2030 have been met in 2024,”
he noted.
The government commissioner said that a number of programs have been launched to increase energy storage capacity and promote the green transition. The Solar Energy Plus program to support homes and families has been announced with a budget of HUF 75 billion (EUR 190.7 million), the program to support the purchase of electric cars by businesses has been launched with a budget of HUF 30 billion (EUR 76 million), and the cabinet is also giving priority to greening transport in settlements with a population of over 25,000.
Via MTI, Featured image: Pexels