Towards more sustainable growth

Le résumé fourni par la source

Hungary’s green transition has made progress but will need to accelerate to reach emission reduction targets. For a large part, emission reductions achieved so far are related to structural shifts induced by the transition to a market economy in the early 1990s. Regulations and standards are currently the main tools used to support the green transition, but they will likely be insufficient to reach the 2030 and 2050 emission targets. Price signals are key for an efficient decarbonisation, but the EU’s Emission Trading Scheme only covers a third of emissions. Energy price caps have curbed incentives for energy saving and energy efficiency improvements, which contributes to high residential emissions. An aged vehicle stock, low fuel duties and urban sprawl are pushing up transportation emissions. The green transition will require a significant increase in electricity supply from low-carbon sources and massive investments in the electricity grid.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.