The clean energy was in the focus of Budapest Energy Summit 2nd day

The clean energy was in the focus of Budapest Energy Summit 2nd day

December 4, 2018 | Budapest Energy Summit | News

Budapest, 04.12.2018. – Questions about the transition to a sustainable, clean energy world were discussed by the Budapest Energy Summit speakers on Tuesday. The second day of the four-day international event, was opened by Péter Kaderják, Minister of State for Energy and Climate. Clean, smart and manageable energy must be ensured, this is the goal now in the new energy policy concept – he said.

Mr. Kaderják indicated, among others, that Hungary could cut greenhouse gas emissions by 40 percent by 2030, compared to the 1990’s level, while maintaining economic growth. Emission reduction is not the only one goal of climate protection but also the reduction costumers cost. Péter Kaderják considers it particularly important to promote all forms of energy saving and energy efficiency as well.

During the day, the future role of natural gas and its contribution to the energy market transition were also discussed in several panel discussions. According to the speakers, the development of natural gas infrastructure is unavoidable for future security of supply. In addition to pipeline investments, the development of European LNG import capacities seems necessary. At the Krk LNG terminal, capacity bidding offers are waiting for the project company until December 19th – recalled Barbara Doric, managing director of LNG Croatia. At this moment, it looks , that the terminal can be put into operation from the end of the decade.

A separate panel discussion discussed the future of nuclear power generation. János Süli, the Minister without portfolio for the Paks 2 investment, called for investment in the security of electricity supply in Hungary and inevitable because of its sustainability too. He noted that they are not against the developmewable sources, the nuclear, and green energy basis will be able to secure the security of energy supply together in the future. He reminded that not only in Hungary, but also in the EU, a significant amount of power plant capacity will be needed to replace in the coming decades.

One of the prominent points of the Tuesday program was László Varró, IEA, and Spencer Dale, BP’s chief economist at a panel discussion after the presentation of BP Energy Outlook. Both believed that the current energy trajectory did not ensure sustainability, which requires governmental and regulatory action.

The Budapest Energy Summit will focus on industrial innovation and digitization on Wednesday.

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Richard Hlavay
press officer