Nepal Ready to Remove 10% Provision in Energy Mix for Renewable Energy Growth

Strategic Insights -

Minister Kulman Ghising assured representatives of the Renewable Energy Confederation Nepal (RECON) that the government is prepared to immediately remove the 10% provision in the country's energy mix, which would bring renewable energy to the forefront. The meeting aimed to discuss the implementation of the Renewable Energy and Energy Efficiency Act, 2080, and effective representation of the private sector in the Energy Regulatory Commission. Ghising emphasized the importance of renewable energy in achieving net-zero emission by 2045, and RECON submitted a memorandum outlining key proposals, including net-metering, decentralized manufacturing, and employment creation for Gen-Zs in local levels.

Key Takeaways:

  • Minister Kulman Ghising is committed to establishing a sustainable, inclusive, and strong renewable energy system in Nepal.
  • The government is ready to remove the 10% provision in the energy mix, which would allow for renewable energy to become a mainstream part of the country's energy development.
  • Renewable energy is crucial for Nepal to achieve the goal of net-zero emission by 2045.
  • RECON has submitted a memorandum to the minister, which includes proposals for:

+ Implementation of the Renewable Energy and Energy Efficiency Act, 2080

+ Effective representation of the private sector in the Energy Regulatory Commission

+ Implementation of net-metering

+ Decentralized manufacturing

+ Institutionalization of rooftop energy in national energy policy

+ Expansion of the "AAA" model in energy projects

+ Creation of employment for Gen-Zs in local levels

  • The memorandum also emphasizes the importance of reducing investment risks through mechanisms such as carbon markets, tax exemptions, and customs concessions.

Statistics:

  • 10% provision in the energy mix, which will be removed to make way for renewable energy.
  • 2045: the year by which Nepal aims to reach net-zero emission.
  • 2080: the year in which the Renewable Energy and Energy Efficiency Act was enacted.

Sources:

  • The Himalayan Times: "Government ready to remove 10% provision in energy mix for renewable energy growth"
  • Renewable Energy Confederation Nepal (RECON): Memorandum submitted to Minister Kulman Ghising.