Budapest, 15 June 2017

Dr. Fatih Birol, Executive Director of the IEA launched the Agency’s latest report on Hungary’s energy policies at Budapest, 15 June 2017. 

Dr. Birol applauded Hungary's achievements in reducing the carbon intensity of its economy, building energy infrastructure and strengthening energy security, most notably via gas storage. He underlined the progress made by Hungary in diversifying its energy supplies and increasing competition in the energy sector, noting that there is still more to do on these fronts.

Ambassador Cséfalvay underscored Hungary’s relations to the IEA, commanding the Agency for its successful adaptation to the rapidly changing challenges of the global energy landscape.

 

In its press release, the IEA depicts the adoption of Hungary’s National Energy Strategy in 2011 as a major step in the right direction. Despite the healthy recovery of industrial output, energy-related carbon dioxide emissions remain well below 2008 levels, leaving room for more ambitious targets for emission reductions. IEA report commends the government's steps to enhance oil, electricity and natural gas infrastructure, mentioning the expected construction of two new nuclear power generating units. The IEA report highlights Hungary's success in developing wholesale markets for gas and electricity while it recommends the gradual implementation of full retail market liberalisation.The Agency welcomes the introduction of the new support system for electricity from renewable sources. While renewable energy production have increased significantly in the last decade, the IEA encourages the government to tap on the good potential for solar and geothermal sources.

In a bilateral meeting with Prime Minister Viktor Orbán prior to the launch of the IEA report, Dr. Birol discussed global energy security issues, underscoring the importance of greater energy-supply diversification in the region.

Gabriella Pálos