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As the news of the results of the recent Hungarian parliamentary elections have made headlines around the world, many are wondering what to expect from the upcoming government under the TISZA party. Below a short summary explains what the new government may plan on energy and climate.
The Iran conflict has once again demonstrated how vulnerable the fossil fuel–based global economy is. As tensions in the Middle East increased, energy prices immediately began to rise, as markets feared for the security of supply. The current crisis is therefore not only a geopolitical event, but also another reminder that energy security and the green energy transition are in fact two sides of the same strategic issue.
At the very last moment, one could say at the eleventh hour, the EU environment ministers managed to reach an agreement on the European Union’s new mid-term climate targets and to adopt the bloc’s international climate commitments. As a result, EU leaders will not...
