Clean energy push gains policy backing, but financing gap slows transition
Summary
Nepal is pushing for clean energy through supportive policies and increased electrification, but faces challenges from a financing gap and reliance on fossil fuels. The government has introduced laws and regulations, including a carbon trading framework, aiming to diversify energy sources and promote sustainable development.
Key Points
- Nepal has achieved 99 percent household electrification, including through alternative energy in remote areas.
- The government has introduced laws and policies supporting renewable energy, such as the Carbon Trading Regulation, 2025.
- Despite progress, more than 80 percent of Nepal's energy consumption remains dependent on thermal energy from biomass and fossil fuels.
- Financing gaps remain a major challenge for renewable energy projects, with international support like the EU's Global Gateway providing significant funding.
%20copy.jpg)