Government Aims to Develop a European-level Action Plan for Green Transition

Minister for National Economy Márton Nagy calls for a new approach to industrial policy that takes into account the interests of European industrial companies in the EU’s competitiveness policy, Világgazdaság reports.

Márton Nagy represented Hungary in Brussels at a high-level meeting about the implementation of the net-zero emissions industry regulation (Net-Zero Industry Act – NZIA) and the preparation of the establishment of the Net-Zero Europe Platform. At Thursday’s meeting, the Minister expressed Hungary’s commitment to supporting the production of technologies that promote the use and production of green energy.

According to Nagy, green re-industrialization could be the main driver of Hungarian economic growth in the next decade, closely linked to the increase of research, development, and innovation performance. Keeping investment rates high, the availability of skilled labor, artificial intelligence, and the use of available modern technologies are key to this.

For the government, it is a national strategic goal to strengthen the supplier position of the domestic industrial SME sector, to nurture and support national champions and to develop industry-related services,”

he said.

Hungary is committed to significantly increasing green economy production capacities, such as electric car and battery production. In this context, Nagy underlined the need for a technologically neutral approach in the design of national and EU measures and regulations. He noted that support programs targeting the SME sector (small and medium-sized enterprises) should be set up to help businesses develop technologically and operate sustainably, in line with the objectives of the NZIA.

He added that

Hungary will develop a European-level action plan to promote green production capacities and accelerate the transition to electric transport, targeting both the producer and the consumer side.

In addition, the government believes that the regulatory environment should also reflect the need to ensure that those using nuclear technologies are not discriminated against.

“This is why the inclusion of nuclear technologies in the list of technologies in the NZIA, which Hungary has argued for with commitment, is an important step, as the implementation of Paks II is key not only to achieving zero emissions, but also to ensuring Hungary’s energy sovereignty,” he pointed out.

Via Világgazdaság, Featured image: Facebook/Energiaügyi Minisztérium