- Submitted by: Hungary
- Topic: Green economy in the context of sustainable development and poverty eradication
- Location: Hungary
- Date of completion: 2007
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- This voluntary initiative came from Green economy policies, practices and initiatives
Renewable Energy Utilization Strategy
Description/achievement of initiativeThe renewable energy sector is a priority sector of ITD Hungary. Understanding the sustainable nature, the high growth potential, and the dominance of green industries in the 21th century, ITD Hungary strives to attract investments in renewable-based heat and power generation and in related manufacturing activities.
Source: ITD Hungary
The Renewable Energy Strategy (RES) for 2007-2020 targets the increase of RES production to 15% by 2020. The strategy will favour decentralized energy production, the cogeneration of heat and power and the establishment of small power stations utilizing renewable sources locally. The strategy forecasts a substantial amount of new investments by 2020, in the field of biomass, wind, solar and geothermal energy. Electricity generation from RES will grow faster than heat generation.