INTIEAHungary · EU Funded Lignite generation decarbonization projectPolicyIn force

EU Funded Lignite generation decarbonization project

The European Commission has announced funding for the phase-out of lignite generation at the Matra power plant in Hungary, as part of its LIFE Environment and Climate Action program with a total investment of €121 million ($145.59 million USD). The goal of the project is to…

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EffectiveJan 01, 2021
Last changeJun 14, 2021

Country / jurisdiction: Hungary · Year: 2021 · Status: In force · Level: International · Type: Voluntary

The European Commission has announced funding for the phase-out of lignite generation at the Matra power plant in Hungary, as part of its LIFE Environment and Climate Action program with a total investment of €121 million ($145.59 million USD).

The goal of the project is to decarbonize the plant by 2030, Hungary’s the last remaining coal-fired plant, via a mix of renewable energy, energy storage and natural gas technologies, and close two associated open-cast lignite mines by the same date. The phase-out would reduce Hungary's greenhouse gas emissions by 14%, or around 6.5 million mt of CO2 per year, the EC said.

Official source: https://ec.europa.eu/energy/sites/ener/files/documents/transforming_the_lignite-fired_matra_power_-_platform_for_coal_regions_in_transition.pdf

Source

https://www.iea.org/policies/12923

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