North – South (that is developed versus developing world) conflicts and views on climate policies and their stances towards an international climate agreement are often researched. East West (that is old EU-15 versus new MSs) dimensions in Climate Policy are much less well explored.

On the assignment of the Ministry of Environment and Water Management, MAKK participated in an international consortium lead by Ecofys, Netherlands aiming at developing a multi-sectoral model and scenarios to assess GHG abatement in Hungary.

Bakonyi Bioenergia Ltd, the biomass daughter company of Bakonyi Power Plant entrusted us to assist them in the preparations for the verification process of their coal to biomass conversion JI project. We prepared a monitoring study that was to be the basis of the first so-called pre-verification by an accredited verifier company.

On October 4, 2007, together with the British Embassy in Budapest and the Világgazdaság economic daily newspaper we organised an international conference titled Climate Change - Change in Economic Climate.

On the assignment of the Ministry of Environment and Water Management, MAKK has assessed domestic investment opportunities in a Green Investment Scheme (GIS), which will basically utilise AAU trading under the Kyoto Protocol.

We updated our 2004 assessment of opportunities and risks that the EU emission trading scheme poses for Dunaferr Rt, the biggest steel company in Hungary.

For the Ministry of Environment and Water Management, MAKK has carried out the economic impact assessment of the F-gas Regulation (842/2006/EC) of the European Union. HFC gases intended to replace ozone depleting gases (CFCs and HCFCs) are GHGs and are under the effect of the Kyoto Protocol, therefore measures are needed to constrain their use and emissions.

For the Japanese Government, as a subcontractor of Vertis Ltd, we assessed the technical and market potential for Green Investment Schemes in Slovakia, the Czech Republic, Poland, Romania and Bulgaria. Green Investment Schemes are financial constructions, which earmark revenues from Assigned Amount (AAU) sales under Kyoto for greenhouse gas reduction or other environmental investments.

For the Ministry of Environment and Water Management, we took account what tasks derive from the Kyoto Protocol and subsequent Conference of the Parties, with special regard to the Marrakesh Accords, as well as from the related EU legislation.

As the subcontractor of ERM, an international environmental consultancy, for the Ministry of Environment, MAKK reviewed the preparation methodology and process of the inventory of a number of important sectors (including power and heat generation, iron and steel, transport, waste management), and elaborated recommendations so as to improve these, as well as the overall national inventory.