Tuesday, July 23, 2024
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Hungary takes over the presidency of the Council of the EU, defines energy priorities

Today, Hungary takes over the presidency of the Council of the European Union in cooperation with a newly established European Parliament and the European Commission. The Hungarian presidency will have to start the implementation of the Strategic Agenda 2024–2029, setting out the long-term guidelines for the Union’s future work.

Hungary has published a detailed program setting out the priorities of the upcoming six months. In terms of energy, the presidency will focus on establishing a secure, resilient and flexible energy system to support a fair, sustainable and clean energy transition. Hungary will also prioritise affordability for energy consumers as well as competitive energy prices for European businesses.

“We believe it is important to ensure affordable, secure, and sustainable energy for EU industries and citizens, in line with the long-term goals of the Energy Union strategy, ” specifies the presidency’s program.

The aim of the Hungarian Presidency is to hold policy debates and exchange views on the state of the Energy Union, energy security, electricity grid development, the promotion of technology neutrality (nuclear energy), and geothermal energy. On 20 September the Budapest Geothermal Energy Summit will be organised as a partner event of the Hungarian Presidency.

In the field of transport, Hungary will pay particular attention to the promotion of better connectivity, both by geographically extending European networks and by creating better links between modes of transport and the greening of the sector.

Sustainable agriculture and forestry will be also on the table in the upcoming six months as Hungary considers them crucial in combating climate change and protecting biodiversity and nature. Hungary plans to launch discussions on how the new green architecture of the
current CAP contributes to achieving these goals. The program of the Hungarian Presidency also mentions the importance of reducing food waste on all levels of the food supply chain.

The focus of the Hungarian Presidency will be on defining an ambitious, yet achievable, intermediate 2040 climate goal that guarantees that “no citizen or Member State is left behind while ensuring the competitiveness and the security of energy supply of the EU throughout the green and just transition.”

Hungary pledged to continue to support action in the mitigation of emissions, adaptation, and climate financing while emphasising the importance of strengthening resilience. The presidency will closely monitor the implementation of the 2030 “Fit for 55” package, a cornerstone of achieving climate neutrality by 2050.

Preparing for the UN Framework Convention on Climate Change 29th Conference of the Parties (COP29) that will convene in November in Baku, Azerbaijan, one of the top priorities of the Hungarian Presidency is to adopt the COP29 Council conclusions that form the basis of the European position. Hungary will strive to encourage climate action by third countries, as well as to take into account the security aspects of climate change.

Hungary plans to carry on the European leading role in global environmental protection and intends to follow a holistic approach to explore synergies between different policy areas to promote greening the economy, ensure a level playing field, and foster European leading position in the global green technology market.

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