Even those who demand that Hungary cut off its energy supply from Russia must admit that it is impossible to replace Russian oil and gas imports overnight, Finance Minister Mihály Varga said on Wednesday.
Addressing a press conference, Varga said the transition to alternative energy sources was a long process requiring developments.
He said the question of energy security was coloured by the war between Russia and Ukraine. The Hungarian government believes the country’s energy security and the security of citizens must not be put at risk, he said.
Varga said a significant proportion of Hungary’s energy use was linked to buildings, and government has invited bids for funding to carry out energy efficiency upgrades.
It is goals like these will allow Hungary to reduce its greenhouse gas emissions by 40 percent by 2030 compared with 1990 levels and increase the share of renewable energy in the country’s energy mix to 21 percent, the minister said.
Varga announced that the government is supporting energy upgrades at the Mariaremete-Hidegkut Ecumenical Primary School of the Archabbey of Pannonhalma of Budapest with a 959 million forint (EUR 2.6m) grant.
Read alsoOpposition: Paks upgrade would expose Hungary to Russian influence
Source: MTI
3 Comments
Countries that have been cooking and heating their homes using Russian oil and gas should just say thank you. The surprise is that Ukraine imports oil from Russia.
Putin has blocked the Black Sea – JUST TO USE FOOD AND GRAINS – AS A LEVER !
It will be the ULTIMATE LEVER – as food riots will topple governments in West Asia and Africa and also topple govtt in EU.
Putin stopping fertiliser exports has the same strategem
Putin stopping gas has the same axis.No Gas = No Fertiliser. Putin Says “Let NATO gassify Aussie coal to make gas”
Food,Grain and Gas Prices have a long,long way to go !
Question is – WHAT WILL NATO AND THE WEST DO ?
THIS IS WHAT WILL CAUSE NATO TO MOVE IN – AND NOT CHEMICAL WEAPONS.dindooohindoo
In this matrix – US is best placed !
It has Oil, Fertiiliser,Gas, Grains and Edible Oil
Other nations are facing ruin ! Many have none of the above 5 !
That is Y Biden is always smiling !
Many Govtts will topple in the world,Borders will be redrawn – and US iwll be the broker – and Russia will be pilloried as the villain
his is STEP 1 to the Yuan Float,and Reserve currency
The Putin game is that,importers will have to BUY Roubles !
That will APPRECIATE THE ROUBLE,to offset the recent crash !
Roubles can come only,by exports to Russia !
That will obviate the EXPORT BAN,ON RUSSIA !
Alternatively,foreign banks will borrow Roubles, from the Russian Central Bank (which will mint them), & lend it to the importers – buying from Russia.
Then Russia will import from the world,also in Roubles – thereby closing out the above debt.
Ultimately,one fine day,it will be swapped by the Chinese Yuan.BUT THAT WILL STRENGTHEN THE YUAN,AND COLLAPSE THE USD
SO BEFORE THAT,EMPEROR XI HAS TO START OFFLOADING USD DEBT – AND ONCE IT IS LIQUIDATED SUFFICIENTLY, PUTIN WILL SWITCH OUT TO THE YUAN.
IT IS NOT BEYOND THE REALM OF SPECULATION,FOR CHINA & RUSSIA TO MINT A NEW CURRENCY & FOR MANY OTHER NATIONS TO ACCEPT THIS NEW CURRENCY – PREDICATED ON THE CHINESE AND RUSSIAN GDP &MINERAL RESERVES,. dindooohindoo
Mr. Orbán has a trademark Common Sense solution!
Let’s buy another Russian nuclear plant. Another step in the right direction?