BMM Daily

Hungary is gearing up for a green energy revolution, with solar power leading the charge. Last year, the country exceeded 1 gigawatt in annual solar expansion for the first time, and 2022 has shattered records with a growth rate surpassing one and a half times that figure. The solar landscape now boasts nearly 5,600 megawatts of capacity, with industrial and residential installations contributing significantly. Incentivizing Energy Storage for a Greener Tomorrow In an effort to hasten the transition to sustainable energy, the Ministry of Energy is urging domestic businesses to set up and run energy storage facilities. A significant budget of HUF 62 billion (EUR 162 million) will support a call for applications that will open in mid-January. Selected candidates will receive income compensation and non-repayable investment awards. There are plans to combine tender support with tariff rebates in an effort to boost growth even more. Operators will not be required to pay the transmission po...

Climate change is not something that will happen in the future. It is happening right now, and it is changing our lives in many ways. Because of climate change, the world is getting hotter, drier, and wetter. This causes problems for the environment, but also for people’s health, jobs, and homes. Some places and people in Europe are more at risk than others, and they need more help to deal with climate change. Extreme weather has killed many people and cost a lot of money In the last 40 years, Europe has faced many bad weather events like storms, heatwaves, and floods. These events have killed between 85,000 and 145,000 people. Most of them died because of heatwaves. These events have also cost a lot of money, more than 500 billion euros. These numbers show that we need to do something to protect ourselves from extreme weather. We can use nature and technology to adapt to climate change One way to deal with climate change is to make our buildings and roads stronger and safer...

In 2024, the European Union will embark on a revolutionary journey as it struggles to navigate a complicated geopolitical and technical terrain. With a bold vision to strengthen the Single Market and lead Europe into a realm of economic prowess and environmental sustainability, in line with climate change measures and sustainable development goals, the European Commission is preparing for a new cycle. Sustainable Development in Europe's The fundamental idea underlying this vision is that innovation holds the key to reconfiguring Europe's competitiveness within the framework of sustainable development . The Single Market is changing from what it was designed to be—a channel for the unrestricted movement of goods and services. Eliminating obstacles to corporate investment, streamlining regulations, and enhancing their effect are the objectives. This is a crucial step in promoting innovation, boosting competitiveness, and supporting sustainable development . The telecoms industry...