I conclude that Nepal has significant potentials to economically harness renewable energy using small-hydro, photovoltaic (PV) and wind reducing our dependence on traditional energy sources. However, several domestic and international factors are responsible to address the associated demand and supply-side constraints and contribute towards the spread of green technologies in the country. At the domestic level, it is necessary to design cautious subsidies and tax incentives scheme capable enough to create a balance between ‘economic efficiency’ and ‘social equity’. Equally important factors are the need to improve the access to credit, creating proper institutional settings, encouraging the private sector and extending adequate entrepreneurial support for all players involved. The need to support socially-oriented organization such as cooperatives can be pivotal in the Nepalese context in utilizing the available green energy sources. Similarly, increased investment in renewable energy sources from international sources in the form of well monitored long- term loans and grants coupled with timely technology transfer are essential to extend electricity services among rural and urban-based communities in less-developed economies like Nepal.
To read the rest of the article published in MyRepublica, please follow the following link http://www.myrepublica.com/portal/index.php?action=news_details&news_id=33891
