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 its first analysis on the topic, published in November 2022, the Equilibrium Institute identified the obstacles to emission reductions in the cement, steel and chemicals industries.
As a second step in its work on heavy industries funded by the European Climate Initiative (EUKI), the Equilibrium Institute wished to present a roadmap on how to decarbonize these sectors.
Sustainable finance is key to the decarbonisation of the heavy industry, and both private and public finance will have to play their parts in the process.
We tried to present the magnitude of the challenge and some of the possibilities that can help the decrease of greenhouse gas emissions linked to cement, steel and chemical industries.
You can view the full roadmap here.