Minister: Hungary to be among winners of green transition
Hungary has the financial means “to make the country a winner of the global economic green transition,” Finance Minister Mihály Varga told the United Nations Climate Conference in Dubai.
“To be successful we must produce and store green energy, and the government will utilise every means to achieve this,” Varga said.
The minister said Hungary was one of a few countries able to increase its industrial production and reduce its emissions at the same time. He added, however, that “green energy is the future of the Hungarian economy” and he said efforts were being made to transform the economy into a modern and sustainable system.
“The new economic world order is being shaped in the competition of national economies and businesses, and since Hungary started making green investments in time, its prospects are good,” Varga said.
The minister mentioned Hungary’s tax policy involving climate targets in the national budget, and issuing green bonds as tools to achieve those targets, adding that “Hungary is especially successful” in this respect.
Varga is in Dubai attending a financial day within the COP28 Climate Conference.
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How about we not make a “green” transition at all? The weather-dependent “renewable” energy (which is nothing of the sort) requires 3-500 times more land than a nuclear or coal power station, which is devastating on many levels. It requires components that are non-recyclable and bio-hazardous. It is grossly inefficient and exorbitantly expensive, so much so that it is unviable without massive government subsidies, i.e. OUR MONEY being continuously plowed into it just to sustain its operation, after which we are charged again to consume it – much more than what we’ve been paying for traditional energy. The entire thing is a giant scam.
Exactly Mr Steiner, it is a big scam and the Orbán government knows this.