Indian Oil & Gas Firms Leading the Way Towards Net-Zero with Green Solutions
Key Ideas
- Indian oil and gas companies like ONGC and Indian Oil are investing significantly in technologies like CCUS and green hydrogen to reduce carbon emissions and achieve net-zero targets.
- The government of India is also supporting the transition by introducing policies to nudge hard-to-abate industries towards lower emissions and setting a national net-zero goal by 2070.
- Companies are focusing on upskilling their workforce to adapt to new technologies and are collaborating with renewable energy firms to enhance domestic electrolyser production and establish green hydrogen plants.
- The initiatives of these companies highlight a positive shift towards sustainability and environmental consciousness in India's oil and gas sector.
Indian oil and gas companies are actively pursuing green solutions like green hydrogen and carbon capture, utilization, and storage (CCUS) to achieve net-zero emissions. The companies, including ONGC and Indian Oil, are making significant investments in renewable energy and technologies to reduce their carbon footprint. ONGC is advancing in CCUS technology with the capacity to sequester CO2 emissions, emphasizing its importance for sustainability. The report also mentions Indian Oil's collaboration with renewable energy companies to venture into the green hydrogen space and enhance domestic electrolyser production. The government's support, including introducing policies for emissions reduction and setting a national net-zero target by 2070, is encouraging the industry's shift towards sustainability. Companies like Bharat Petroleum are focusing on using renewable energy to reduce emissions and developing innovative solutions like an ISTS hybrid system. Additionally, there is a strong emphasis on upskilling the workforce to adapt to new technologies and challenges related to achieving net-zero targets. Overall, the initiatives of Indian oil and gas companies demonstrate a positive commitment towards environmental responsibility and a sustainable future.
Topics
Investing
Green Hydrogen
Sustainability
Investment
Energy Transition
Carbon Capture
CCUS
Capacity Building
Renewable Space
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