GAIL (India) Ltd, the nation’s largest gas firm, is targeting net-zero carbon emission from its operations by 2040, ahead of targets by other state-owned firms, chairman Manoj Jain said on Friday. Net zero, or becoming carbon neutral, means not adding to the amount of greenhouse gases in the atmosphere.
India, the world’s fourth biggest emitter of carbon dioxide after China, the US and the EU, has committed to cut its emissions to net zero by 2070. And GAIL’s target for 2040 is a step in aiding that. GAIL “is committed to reduce its carbon footprint by diversifying into the renewable energy sector,” Jain said at the firm’s annual shareholders’ meeting.
