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Climate change poses a significant threat to the environmental, social, and economic development of Nepal. As a developing nation, Nepal is heavily dependent on fossil fuels for its energy needs, which contribute to greenhouse gas emissions and exacerbate the impacts of climate change. To address these challenges, it is essential to adopt clean and sustainable energy sources. Green hydrogen, produced through water electrolysis using renewable energy, is emerging as a promising solution to reduce carbon emissions, energy security, food security including green fertilizer and support sustainable economic and social development.
The Himalayas are highly vulnerable to global climate change which is impacting the region at a rapid rate. Climate change in the Himalayas directly affects the entirety of Nepal and its river systems, making Nepal one of the most climate change-affected countries in the world.
Melting glaciers and snow feed the country’s major rivers: Koshi, Gandaki, and Karnali, along with most of the river systems in Nepal. Together, these river systems supply fresh water to a large portion of the 500 million people who live in the Ganges River basin.
Nepal’s Second National Communication to the UNFCCC (2014) identified the country’s energy, agriculture, water resources, forestry, biodiversity and health sectors as most at risk from climate change.
Recent studies by the Asian Development Bank suggested Nepal faces losing 2.2% of its annual GDP due to climate change by 2050.
Nepal has set an ambitious economic growth target of 8 percent for FY 2022/23, - while the growth rate for current fiscal is estimated to be around 5.84 percent.
Is green hydrogen an antidote for net zero target?
Hydrogen occurs abundantly in nature and is a clean-burning molecule that helps to de-carbonise a range of sectors previously proven hard to clean. Green hydrogen powers steel, cement and transport industries which then emit water instead of CO2 without using fossil fuels. Green hydrogen can also produce green fertiliser which can ensure food safety & security and energy security through energy storage.
These capabilities make for a compelling argument that green hydrogen produced through electrolysis of water using electricity from renewable energy sources can power the production of green ammonia and green fertiliser to provide an antidote for net zero target.
The evolution of the hydrogen economy will depend on how the various segments of the value chain – upstream, midstream, and downstream – are integrated to deliver hydrogen at a minimum price. The most commercially viable case for green hydrogen is green ammonia (NH3) for fertilisers. Integrating existing hydropower plants with green hydrogen facilities could help bring production costs down while increasing the revenue of existing hydropower companies.
Nepal Green Hydrogen Summit (NGHS)
Nepal Green Hydrogen Summit (NGHS) is the first event of its kind in Nepal jointly organised by MIT Group Foundation and Global NRN Foundation, in partnership with the Government of Nepal - Ministry of Energy, Water Resources, and Irrigation (MoWERI), the Government of Nepal Ministry of Finance, Global Green Growth Institute, Wind Power Nepal, Kathmandu University and Melbourne Institute of Technology from October 10 to 11, 2022.
Nepal Green Hydrogen Summit will be attended by high-profile personalities and dignitaries of Nepal from various industries, ministries and government offices and development partners in Nepal, including renowned international experts and leading global companies working in Green Hydrogen technology.
The NGHS 2022 aims to:
Assess the feasibility of green hydrogen production, storage and distribution in Nepal
Attract large scale private investment in green hydrogen and urea production
Analyse the potential of urea production from green ammonia in Nepal
Prioritise the delivery of climate-friendly green hydrogen projects that help achieve the Sustainable Development Goals (SDGs)
Convey information regarding technologies, cost, and global trends on green hydrogen
Frame a roadmap for national-level green hydrogen policy
NGHS 2022 believes that investment in green hydrogen technology and its integration into the Nepali economy will help Nepal ride the green energy wave, develop a competitive edge and be globally valuable.
NGHS 2022 will revive the zeal for policy reforms including: innovative financing modalities, foreign direct investments, further engagement of the private sector, technology adoption and solid foundation of policies, strategies, and governance.
HOW CAN YOU HELP?
Attend the summit
Be part of the Nepal Green Hydrogen Summit (NGHS) from October 10th to 11th, 2022 at the Soaltee Hotel in Kathmandu.
Attendance can be done by registration only.
You can find the schedule for the summit here.
Attendance for the summit can be done via registration only.
Ticket price: Nrs 10,000 per person.
To register for the event, please send a registration request by filling up the form. Once received, an NGHS representative will contact you with further information.
Registrations will be restricted by venue capacity.
Note: NGHS representative will contact you via your email address; please ensure this is correct to avoid any disappointment.
You may deposit the registration fee of Nrs 10,000 per person at the bank account below:
Account name : Global N.R.N. Foundation
Name of bank : Prabhu Bank Ltd.
Account number : 1360153306500014