Steiner said geothermal energy played an important role in achieving decarbonisation of the heating and cooling sector which account for around half of the European Union's total energy consumption and about 35pc of its greenhouse gas emissions.

He noted that Hungary was among the top five EU countries in terms of geothermal heat production, with geothermal district heating in twelve cities, including the biggest system in continental Europe, in Szeged.

Steiner said Hungary aimed to double its production of geothermal energy by 2030, reducing gas consumption by 500 million cubic metres by the end of the decade and by around 1.2 billion cubic metres by 2035.

He acknowledged obstacles preventing geothermal energy utilisation, such as overregulation, financial and geological risk, and low public awareness, and said the Hungarian presidency of the Council of the EU was ready to cooperate with member states on delivering tangible proposals to address those hurdles.

Click here to know more about Budapest Geothermal Energy Summit 

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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