Published On:July 10 2024
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ONGC Unveils ₹2 Trillion Decarbonisation Plan to Achieve Net-Zero by 2038.

ONGC Unveils ₹2 Trillion Decarbonisation Plan to Achieve Net-Zero by 2038.

As part of its commitment to achieving net-zero emissions, the state-owned Oil and Natural Gas Corporation (ONGC) has unveiled a comprehensive plan to offset 9 million tonnes (mt) of carbon dioxide equivalent emissions (tCO2e) by 2038. This initiative, with a total estimated cost of ₹2 trillion, marks a significant step in India's efforts to combat climate change.

India's largest oil and gas producer made the announcement on Tuesday, becoming the first fossil fuel company in the country to outline a detailed strategy for reducing greenhouse gas (GHG) emissions within a specified timeframe. This pioneering move sets a new standard for the industry and underscores ONGC's commitment to sustainability.

While other major Indian public sector undertakings, such as Indian Oil Corporation (IndianOil), Indian Railways, and Coal India, have declared net-zero targets, ONGC's detailed road map highlights a clear and actionable path toward achieving these goals.

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