Overall Objective
The overall objective of the Global Green Growth Institute (GGGI) in Hungary is to support the Government of Hungary (GoH) in achieving its climate and sustainable development objectives at local and national level. This climate and green growth cooperation embodied in assisting the creation of the Western Balkan Green Centre a bilateral financing vehicle to promote green transition in the Balkan region, the delivery of the National Clean Growth Strategy (NCDS), Hungary’s decarbonization roadmap or long term strategy (LTS) until 2050 and policy support under the European Green Deal (EGD) and the implementation of an urban climate action planning project in Serbia focusing on energy efficiency in the building sector, and the development of bankable projects. In April 2023, the Government of Hungary and GGGI signed the Country Planning Framework (CPF) that governs the parties’ cooperation and responds to the green growth needs of the country. Currently GGGI is an implementation partner in two projects that are funded by the European Union, in line with Hungary’s energy efficiency and climate priorities: ENERGATE and UP2030. ENERGATE’s objective is to develop an ICT platform bringing together financiers, developers, contractors and project owners to facilitate and accelerate energy efficiency investments in the building sector. GGGI’s primary role in ENERGATE is to develop methodology for replicability and overall exploitation of the project.
UP2030 aims to support European cities in implementing and scaling up their climate plans to better achieve their decarbonization goals. GGGI’s role is to develop guidelines for the utilization of financial instruments and economic valuations for urban interventions. In addition, GGGI acts as liaison with the City of Budapest.
Contact
Resource Partner
European Union
Ministry of Energy
Implementation Partner
Ministry of Energy
Government Counterpart
Ministry for Energy
Context
At the invitation of the Government of Hungary, GGGI has been operating in the country since 2017. GGGI’s first project in cooperation with the GoH was the design of a financial instrument supporting climate action in the Western Balkans which resulted in the establishment of the WBGC in 2019. The WBGC provides grant funding for the preparation of projects that contribute to climate mitigation and/or adaptation in the Western Balkans. The project was completed in 2019 after the enactment of Government Decision 1770/2018. XII. 21. Which specified the establishment of the state-owned Western Balkan Green Center Non-Profit LLC (WBGC
As part of Hungary’s international efforts in supporting climate action and with financial support from the GoH, GGGI implemented projects in the Western Balkans and Africa. In 2020-21, GGGI helped mainstream climate actions at the city level in Serbia. The project provided technical assistance and supports the Republic of Serbia towards inclusive, low-carbon climate resilient development. Working with the pilot city of Sombor, the project also delivered business models and supported the implementation of the European Union (EU) acquis (Chapters 27 and 15).
In 2018-2020, GGGI developed a bankable business model for solar irrigation in Uganda funded by the Government of Hungary as part of its Official Development Assistance (ODA) program. While farming represents 24% of GDP (2018), providing millions of jobs in Uganda, only a small portion of lands is irrigated (less than 3%) making the sector at risk under the rapid changing of climate. The project was concluded in 2020, showcasing an innovative approach for de-risking climate financing opportunities and significant opportunity to scale this project up within Uganda.
GGGI has supported the development of Hungary’s National Clean Development Strategy (NCDS), the long term strategy (LTS) which sets the path towards climate neutrality by 2050. GGGI’s role consisted in advising and modeling the development of the low-carbon scenarios and helping shape Hungary’s vision and pathways towards climate neutrality. The LTS document was submitted to the UNFCCC in the end of 2021. GGGI also provided policy advisory support under the European Green Deal (EGD) assisted in developing the country’s Just Transition Plan.
GGGI’s activities in Hungary are seeking to further support Hungary’s needs and priorities along the lines of the Country Planning Framework. Hungary Office is working towards mobilizing additional funds and form cooperation to facilitate the low-carbon transition, to accelerate energy efficiency investments in the building sector, to enhance climate action nationally and locally and to expand operations in the region, with a focus on the Western Balkans.
News
News • February 21, 2022
Hungary’s Decarbonization Strategy scored the highest in Central Europe
January 27, 2022; Budapest, Hungary – On January 27, WiseEuropa, an independent think-tank, published an assessment which compared the decarbonization strategies (Long Term Strategies, LTS) of Central European countries or the Visegrad Group Countries (V4 Cooperation). Hungary received the highest score ahead of Poland, Slovakia, and Czechia. The study “Long-Term Strategies Assessment of the Visegrad Group […]
News • October 12, 2021
Hungary’s Decarbonization Strategy Officially Adopted with Support from GGGI
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 […]
News • May 4, 2021
Green and Resilient Recovery Brochure
In partnership with Members and peers, GGGI has developed a flexible model and service offering to stimulate Green and Resilient Recovery based on international best practices and insights. Click here to download WEB version. Click here to download PRINT version.
News • April 28, 2021
GGGI and HEPA to conclude an Agreement to promote green growth opportunities in the region
April 28, Budapest, Hungary – The signature of a Memorandum of Understanding (MoU) between the Global Green Growth Institute (GGGI) and the Hungarian Export Promotion Agency (HEPA) took place at the opening ceremony of Ökoindustria 2021, green industrial expo in Budapest. In 2016, Hungary became the 25th Member of GGGI, an international, intern-governmental organization championing […]
News • July 7, 2020
GGGI Supporting Hungary to Achieve Climate Neutrality
Budapest, Hungary – In May 2020, GGGI signed an agreement with the Ministry for Innovation and Technology (MIT) to support the delivery of a refined National Clean Development Strategy (NCDS) by the end of the year. The NDCS or Long-Term low greenhouse gas emission development Strategy (LTS) will set the path toward climate neutrality at […]
News • November 19, 2019
Project launched for Low-carbon and Climate Resilient Development in Serbian Cities
Sombor, Serbia – November 19 2019 – The launch of the project “Supporting low-carbon and climate resilient development in Serbian Cities” project took place today in the city of Sombor, Republic of Serbia. The project will be implemented in Sombor in cooperation with the Global Green Growth Institute (GGGI) and financial support from the Government […]
News • October 15, 2019
GGGI and Hungary agree to set-up GGGI’s European Office in Hungarian capital
BUDAPEST – October 15, 2019 – The Global Green Growth Institute (GGGI) signed a Memorandum of Understanding (MoU) with the Hungary’s Ministry of Innovation and Technology (MIT), to the establishment of the GGGI’s European Office. Under the agreement, MIT will host GGGI’s European Office in Budapest which will serve as liaison to member countries and […]
News • November 18, 2018
GGGI Budapest Office to Strengthen European Presence
November 18, Budapest, Hungary – An Agreement to host a Global Green Growth Institute (GGGI) Office in Budapest, Hungary was concluded on October 31, 2018 in Seoul, Republic of Korea. On October 31, GGGI convened the Seventh Session of its Assembly and Eleventh Session of its Council. The joint session was chaired by GGGI’s President […]
Projects
HU06
Thematic Areas
Countries
HU06 ENERGATE – Energy Efficiency Aggregation Platform for Sustainable Investments
Start Date | Q1 2023 |
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Funding Source | |
Actual Budget (USD) | 1,989,387 |
Status | Active |
Thematic Area |
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Thematic Areas
Countries
Project Reference Profiles – Hungary(HU1) Hungary- Balkan regional multi donor trust fund
Start Date | Q1 Sep 1 2017 |
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Funding Source | |
Actual Budget (USD) | 14,067 |
Status | Active |
Thematic Area |
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Thematic Areas
Countries
Project Reference Profiles – Hungary(HU02) Hungary Bilateral Climate Financing scheme
Start Date | Q1 Oct 1 2019 |
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Funding Source | |
Actual Budget (USD) | 32,315 |
Status | Active |
Thematic Area |
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