Oil and Natural Gas Corporation (ONGC) chairman Arun Kumar Singh on Monday said that the company will invest around Rs 1 trillion in renewable energy by 2030 as it plans to become net zero by 2038.
“We have been working on it (energy transition) and are now confident that we can achieve net zero for Scope-1 and Scope-2 emissions by 2038,” Singh said at a press meet in Mumbai post the financial results on Friday.
The country’s top oil and gas producer is preparing a roadmap for net zero emissions as part of Prime Minister Narendra Modi’s commitment to become a net zero country by 2070 to deal with climate change.
