KATHMANDU: The ‘Nepal Green Hydrogen Summit’ kicked off on Monday in Kathmandu to promote green hydrogen production in Nepal.
The Nepal government and the Melbourne Institute of Technology (MIT) Group of Foundation are jointly organizing the two-day event with the goal to support the development of a green hydrogen economy and guarantee food security in Nepal. MIT Group Foundation, Global NRN Foundation, the Ministry of Finance, and the Ministry of Energy, Water Resources, and Irrigation are the organizer of the event- the first of its kind in Nepal. The slogan of the Summit is ‘Nepal Green Hydrogen Summit: Antidote for Melting Glaciers’.
The Summit is also sensitizing the significance of green hydrogen in Nepal given that global deliberations have been intensified to promote it. Many countries are already involved in the study, production, storage, and marketing of green hydrogen. The Summit is relevant at a time when Nepal is committed to achieving a net-zero target by 2045. Government officials, private sector representatives, development partners, multi-lateral agencies, UN Agencies, foreign diplomats, experts, and companies involved in green hydrogen and others are participating in the Summit. The Summit is expected to create a foundation for policy reforms for innovative financing modality, foreign direct investment, additional involvement of the private sector, and use of technology for green hydrogen promotion.