Nepal Parliament Ratifies Solar Alliance Agreement

11 Jun 2024 CW Team

Nepal's parliament has recently ratified the framework agreement related to the International Solar Alliance (ISA), signaling the country's commitment to advancing solar energy on a global scale. This move aligns with Nepal's efforts to harness renewable energy sources and reduce dependency on fossil fuels. The ratification paves the way for Nepal to actively participate in initiatives aimed at promoting solar power generation and sustainability.

The International Solar Alliance, launched during the United Nations Climate Change Conference in Paris in 2015, is a coalition of solar resource-rich countries. Its primary objective is to address energy needs through solar power while fostering collaboration among member nations. By ratifying the ISA framework agreement, Nepal solidifies its position in the global solar energy landscape, contributing to the collective efforts to combat climate change and promote sustainable development.

Nepal's decision to ratify the agreement reflects the country's recognition of the importance of renewable energy in achieving long-term environmental goals. Solar energy presents a significant opportunity for Nepal to diversify its energy mix and reduce greenhouse gas emissions, aligning with international targets for carbon neutrality and sustainable development.

The ratification of the ISA framework agreement also opens avenues for Nepal to access technology, funding, and expertise in solar energy development. This strategic move is expected to bolster Nepal's renewable energy sector, create employment opportunities, and enhance energy security in the country.

Incorporating solar power into Nepal's energy portfolio not only contributes to environmental sustainability but also fosters economic growth and resilience. The country's participation in the International Solar Alliance underscores its commitment to leveraging solar energy as a key driver of progress and prosperity.

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