September 3, 2021; Budapest, Hungary – On September 3, the Government of Hungary adopted the National Clean Development Strategy (NCDS) which sets the path for the decarbonization of Hungary’s economy by 2050.
GGGI played a major role in preparing this strategic document under the leadership and guidance of the Hungarian Government. Upon request of the Ministry for Innovation and Technology (MIT), GGGI formed and led a consortium of national and international experts who modeled and assessed the economic, financial, social, and environmental impacts of emission reduction trajectories of the energy, industrial, agricultural, waste, and forestry sectors.
The Strategy is unique in a sense that it is based on an integrated modeling approach to explore the emission trajectories of the sectors as well as the system-wide and cross-sectoral dynamics of the decarbonization process.
A green transition driven by decarbonization is likely to have a number of benefits in addition to the initial investment costs, which will also contribute to global efforts to limit global warming and support the national economy and the planet.
The adopted Hungarian NCDS has been submitted and posted to UNFCCC’s official website.
Full article (Hungarian) & photo source.