Th e article analyses the agricultural HUF and FX loans and trends between 1995 and. Th e authors use the linear and exponential analysis in trends of loans for agriculture in Hungary. During the period of 1995-2012, the bank loan for agriculture in percentage of the total bank loan in Hungary was at the highest level, namely 9.76%, when the total loan amount was 192.1 billion HUF in 1998, and this was at the lowest level, namely 3.69%, when the total loan amount was 265.6 billion HUF in 2010. Th e authors draw a growing linear trend of loans until 2005, namely the loan amount was 358.8 HUF billion, after that little decreasing occurred until 2008, and the loan amount has considerably decreased since 2008, when the economic and fi nancial crisis started; while a decreasing trend of the loan ratio was going on. Th e average yearly credit increase is 24.486 billion HUF. Th e Hungarian agricultural sector is in a better position than other sectors of the economy.
The case-study overviews the possible reduction for the methane gas emission in order to avoid of the more global warming effects and climate change caused by the human activity at latest decades. To collect international data base is for analysing and valuing methane gas emission based on the different country-groups, emphasizing responsibility of developing countries and highly developed countries for gas emission, also the methane emission based is on the economic sectors. China and India have share 8% of China and 2% of India respectively of cumulative CO2 emissions over the period 1900-2005, the US and the EU are responsible for more than half of emissions. Based on the estimation the global gas emissions of methane in the whole world has increased by 37% for period of 1990- 2030, as four decades, and this was 0,92% annual rate growth, while the OECD has increased the methane emission by 8,5% for this period, which means 0,21% growth rate annually. Scenario in developing countries for 2013-2020 the methane gas emission reduction could have been 8200 Mt of CO2e (Equivalent) and less than 10 US dollar per ton in more cost financing. Highly developed and developing economies (last one their methane emission share 56% in 1990, estimated 66,8% in 2030) increase their economic growth by mostly fossil energy resulted in increasing also methane gas emissions. The methane gas emission can be solved by those results-based-finance forms relevant to Kyoto Protocol, which can extend in the world by financial institutions.
Natural gas is still the primary input of the Hungarian heating and cooling systems, therefore it still makes most of the overheads. One of the main obstacles of a competitive district heating system is the public opinion which still considers this service more expensive than the traditional heating forms. According to the absolute numbers this assumption might be valid but from a more accurate economic perspective, heat production has more aspects to stress. Most people forget about the simple fact that the maintenance costs of natural gas based systems are rather outsourced to the consumer than in the case of district heating. Furthermore, the uneven rate of the fixed and variable costs of this technology does not prove to be optimal for service developments. Investigating the future tendencies highlight that encouraging the efficiency improvement of district heating and the spread of technological innovation in the sector does not belong to the top priorities. Still, avoiding this problem it could lead serious deadweight losses in the case of the heating sector.
Increased risk due to global warming has already become embedded in agricultural decision making in Central Asia and uncertainties are projected to increase even further. Agro-ecology and economies of Central Asia are heterogeneous and very little is known about the impact of climate change at the subnational levels. The bio-economic farm model is used for ex-ante assessment of climate change impacts at sub-national levels in Central Asia. The bio-economic farm model is calibrated to ten farming systems in Central Asia based on the household survey and crop growth experiment data. The production uncertainties and the adaptation options of agricultural producers to changing environments are considered paramount in the simulations. Very large differences in climate change impacts across the studied farming systems are found. The positive income gains in large-scale commercial farms in the northern regions of Kazakhstan and negative impact in small-scale farms in arid zones of Tajikistan are likely to happen. Producers in Kyrgyzstan may expect higher revenues but also higher income volatilities in the future. Agricultural producers in Uzbekistan may benefit in the near future but may lose their income in the distant future. The negative impacts could be further aggravated in arid zones of Central Asia if irrigation water availability decline due to climate change and water demand increase in upstream regions. The scenario simulations show that market liberalization and improved commodity exchange between the countries have very good potential to cope with the negative consequences of climate change. JEL classification: Q11, Q18
On the one hand, economic sustainability depends on an environmentally friendly and energy-saving economy, though it rather means the continuous functioning of businesses and the national economy, which is expressed in the balance of accounting, foreign trade and budget balances. On the regulatory side, monetary policy, alongside fiscal policy, serves ensuring economic sustainability, as the main objective of central banks is to ensure price stability and maintain financial equilibrium to underpin continued economic activity. However, in our energy crisis-ridden world, there is an increasing emphasis on energy-efficient, environmentally friendly management. The focus of our study is on the environmental sustainability context of Hungarian fiscal and central bank tools, with a particular focus on the legislative and programmatic elements of the green economy development of the Magyar Nemzeti Bank (Hungarian National Bank, hereinafter: MNB).
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