Project

Project Reference Profiles – Hungary(HU02) Hungary Bilateral Climate Financing scheme

At a Glance

Strategic Outcomes
Start Date Q1  Oct 1 2019
End Date q1 Dec 31 2020
Funding Source Earmarked
Actual Budget (USD) 32,315
Budget Percentage 68%
Actual Expenditure (USD) 22,075
Status Active
GGGI Share (USD) 0
Poverty and Gender Policy Markers
Name of Client (Lead/Prime implementer if GGGI is part of a consortium)
Participating Organization (Funding/donor)
Name of consortium members, if any Ministry of Innovation and Technology
Thematic Area
  • Cross Cutting

Project context, objectives and description

Cities are contributing to about 75% of greenhouse gases and are also offering tremendous opportunities to reduce climate vulnerability due to higher population density. However, climate considerations in city’s planning are generally lacking. Furthermore, cities are characterized by poor access to finance and low efficiency of realizing own fiscal and non-fiscal revenues. The project provides technical assistance and aims at enhancing cooperation between Hungary and Serbia. It supports the Republic of Serbia towards inclusive, low-carbon climate-resilient development.  

The project aims at reducing greenhouse gas emissions and increasing climate resilience of Serbian cities. The project will result in the development of city’s climate action plan, the identification of concrete projects and funding opportunities. Working with the city of Sombor, the results can be replicated to other cities in Serbia and serve as a basis for further cooperation between the two countries. 

This project is aligned with IO1. Strengthened national, sub-national and local green growth planning, financing, and institutional frameworks, IO2. Increased green growth investment flows which enable partner governments to implement green growth policies. 

The project will cover the following activities: 1) assessment of greenhouse gases emitted at the city level and identify concrete options to reduce GHGs; 2) energy audits on public buildings and identification of funding opportunities; 3) vulnerability assessment at city level; 4) climate action plan developed for city approval; 5) mapping of capacities in Hungary/Serbia to address climate change mitigation and adaptation needs; 6) matchmaking event for Hungarian and Serbian public/private actors and financing institutions.  

Type of services provided, and results achieved

Impact: Shift to low-emissions/climate resilient sustainable development pathways. 

Outcome: N/A 

Project Outputs completed in 2019: 

i. Green Growth Policies:N/A

ii. Green Investments: 

iii. Capacity Building and Knowledge Products: N/A 

 

Number of staff provided

Project Manager:  Julie Godin 
Miklos Szekely 

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