27 Dec '11, 2pm

Renewable Energy Recap: Hungary

Renewable Energy Recap: Hungary

Since 2003, global consultancy Ernst & Young has released its Country Attractiveness Indices, which gives a numerical ranking to 30 global renewable energy markets by scoring renewable energy investment strategies and resource availability. The indices are updated on a quarterly basis and the most recent report can be found here . Here is the firm’s assessment of Hungary. Policy As an EU Member State, Hungary is subject to a binding target of 13% of energy from RES by 2020. However, in its Renewable Energy Action Plan (REAP), approved in December 2010, the Hungarian Government set an even more ambitious target of 14.65%. The 2010 target of 3.6% was actually achieved in 2007, mainly due to biomass, which accounts for around 80% of the country's renewable energy. Hungary is still highly dependent on energy imports from Russia; however, with natural gas and nuclear representi...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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