The administration has announced an ambitious energy policy targeting 100 percent renewable energy consumption by 2035. Immediate steps include providing heavy subsidies for residential solar installations and promoting electric vehicle adoption through tax exemptions and the expansion of charging infrastructure. The government also plans to fast-track several large-scale hydropower projects to export surplus energy to neighboring countries. This green energy transition is expected to reduce Nepal's dependence on imported fossil fuels, lower carbon emissions, and create thousands of jobs in the emerging sustainable technology sector across the nation.
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The administration has announced an ambitious energy policy...
The administration has announced an ambitious energy policy targeting 100 percent renewable energy consumption by 2035. Immediate steps include providing heavy subsidies for residential solar installations and promoting electric vehicle adoption through tax exemptions and the expansion of charging infrastructure. The government also plans to fast-track several large-scale hydropower projects to export surplus energy to neighboring countries. This green energy transition is expected to reduce Nepal's dependence on imported fossil fuels, lower carbon emissions, and create thousands of jobs in the emerging sustainable technology sector across the nation.