If Hungary wants to achieve climate neutrality by 2050 in line with its Climate Act, it cannot avoid drastic reductions in emissions from heavy industry.
In a new analysis, the Equilibrium Institute seeks to identify the obstacles to emission reductions in the cement, steel and chemicals industries.
Emissions in these industries are significant not only because of high energy demand but also because of the technological characteristics of the production processes.
However, technological change requires significant financial resources. Can sustainable finance be the key to decarbonisation in the heavy industry? This is the central question we are trying to answer in our analysis, funded by the European Climate Initiative (EUKI).
You can view the full analysis at the following link:
https://egyensulyintezet.hu/wp-content/uploads/2022/12/Industry_Decarbonisation__Hungary_2022-1.pdf
