Climate Leaders to Discuss European Prospects and Challenges at the Budapest Climate Summit
December 1, 2022
Aretera is proud to support the Budapest Climate Summit, a major sectoral conference on sustainability and climate change to be hosted on 7 December 2022 in the Hungarian capital. The conference will bring together climate and sustainability stakeholders from Central and Eastern Europe and beyond to discuss the future of our green transition.

By 2030, the world must cut greenhouse gas emissions almost by half to avoid the worst consequences of climate change and to preserve the chance of limiting global warming to 1.5 degrees, set out by the Paris Agreement.

Focusing on the green economic transition of Central and Eastern Europe, the Budapest Climate Summit aims to connect policymakers and the business ecosystem and academia by providing a platform to discuss the driving trends of the region’s green transition and to identify the opportunities and challenges ahead.

Thanks to the European Green Deal, Europe is on the path to become the first climate-neutral continent by 2050. In its landmark REPowerEU package, the EU laid down its plan to accelerate the roll-out of renewable energy, increase energy savings and the diversification of energy supplies in order to provide affordable and secure energy for Europe and sustainability for the planet. Clara de la Torre, Acting Director General of the European Commission's Directorate-General for Climate (DG CLIMA), will share the Commission’s view on how we can achieve these goals.

The latest report of the Intergovernmental Panel on Climate Change (IPCC) – which provides regular assessments on the scientific basis of climate change – showed that the extent and magnitude of climate change impacts are larger than previously estimated. It also shows how human-induced climate change is causing dangerous and widespread disruption in nature and affecting the lives of billions of people. Diana Ürge-Vorsatz, Vice Chair of Working Group III. of IPCC, will speak about the findings of the report at the Budapest Climate Summit.

Only three weeks after COP27, which took place from 6 to 18 November 2022 in Sharm El-Sheikh, the Budapest Climate Summit will also provide an excellent opportunity to review the main takeaways of the year’s most important climate moment. Barbara Botos, Hungary’s Ambassador-at-Large for Climate, who follows COP27 in person, will share her insights about the conference and the most important outcomes.

In light of the EU consensus, member states must come forward with concrete actions to achieve climate neutrality by 2050. Hungary aims to significantly reduce its energy import dependency by with local, renewable energy. By the middle of the century, the government would like to see gas consumption drop to 3-4 billion cubic meters from the current 11.5 billion cubic meters. Attila Steiner, Hungary’s State Secretary for Energy will speak at the Budapest Climate Summit about the investments required to deliver on these ambitions.

One of the main focuses of the Budapest Climate Summit is to present how business leaders, coming from a range of sectors including energy, transport, retail, communication, finance or infrastructure transform their operations to become competitive, sustainable, inclusive economies that will deliver net-zero carbon emissions by 2050. The Budapest Climate Summit will feature top managers of leading companies such as TESCO, MET Group, ExxonMobil, Dentons, E.ON, Vodafone, PannoniaBio and many others who will present their business strategy to address sustainable transformation on the road towards a low-carbon economy. The full list of confirmed speakers can be found here.

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