Multi-criteria revision of the Hungarian Renewable Energy Utilization Action Plan - Review of the aspect of economy

First the results of Hungarian initiatives, aiming the increase of the share of renewable, were examined, then by analysis of technological and economic trends of recent years, new scenarios were set to reach the targets set by adopting the 2009/28/EC directive. [1] A multiple-criteria decision analysis (MCDA) of all potential renewable technologies and their respective fuels served as a basis for the most competitive scenarios. The authors focused on five aspects: economy, environment, climate, job creation and innovation. Due to coverage constraints, present paper dominantly focuses on the review of the economical aspect, but in addition to those mentioned, further aspects may also be considered in the optimisation process. The results of the revision highlight that by 2020 Hungary will still mostly be using bioenergy in its renewable portfolio, which also allows the country to exploit its significant potential.