Overall Objective
The role of the Global Green Growth Institute (GGGI) in Hungary consists in assisting the Government of Hungary (GoH) in delivering climate objectives at national and international levels. The provided support includes the delivery of the amended National Clean Growth Strategy (NCDS) towards 2050 climate neutrality objectives and policy support under the European Green Deal (EGD). GGGI also supports bilateral climate actions in the Western Balkan region focusing on city-level climate actions, energy efficiency in the building sector, and the development of bankable projects. In 2019, GGGI assisted the GoH in the development of the Western Balkans Green Center to support climate action and bilateral financing to promote green transition in the Balkan region.
Contact
Resource Partner
Ministry for Innovation and Technology, Government of Hungary
Implementation Partner
Ministry for Innovation and Technology, Government of Hungary
Government Counterpart
Ministry for Innovation and Technology, Government of Hungary
Context
As per Article 4 of the Paris Climate Agreement, countries are expected to formulate and communicate long-term low greenhouse gas (GHG) emission development strategies (LTS). The NCDS is Hungary’s LTS which is instrumental in achieving the 2050 net zero goal for Hungary set in the Climate Protection Law adopted in 2020 by the Hungarian Parliament. GGGI works with international and national partners and incorporates stakeholders’ feedback into the workstreams. GGGI’s modeling approach integrates key indicators of social, economic, and environmental perspectives and externalities to forecast and simulate future scenarios and to anticipate challenges. The system dynamics modeling approach integrates various sectors, assesses the costs of suggested measures and uses previous output data and modeling results. The NCDS will be submitted to the United Nations Framework Convention on Climate Change (UNFCCC) by the end of 2020.
GGGI also provides policy support to Hungary in the negotiations under the European Green Deal and support the development of Hungary’s Just Transition Plan.
At the regional level, and with financial contribution from the Ministry for Innovation and Technology (MIT), GGGI is supporting the mainstreaming of climate actions at sub-national level in Serbia. The earmarked project provides technical assistance and supports the Republic of Serbia towards inclusive, low-carbon climate-resilient development. Cities can directly influence mitigation of greenhouses gases and are also offering tremendous opportunities to reduce climate vulnerability. However, climate considerations in city’s planning are generally lacking while access to finance could be limited. Working with a pilot city, GGGI is facilitating the completion of GHGs inventory and assessing the mitigation and adaptation needs. GGGI is supporting the development of a Climate Action Plan to mainstream climate mitigation and adaptation at city level. In parallel, the project is delivering bankable projects and identifying suitable funding and business models for specific projects that will also support the EU acquis (chapters 27 and 15). The tools and lessons learned will be captured with the aim of offering a replicable approach in the region.
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
Thematic Areas
Countries
Project Reference Profiles – Hungary(HU1) Hungary- Balkan regional multi donor trust fund
| Start Date | Q1 Sep 1 2017 |
|---|---|
| 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 |
|---|---|
| Funding Source | |
| Actual Budget (USD) | 32,315 |
| Status | Active |
| Thematic Area |
|