State-owned Oil and Natural Gas Corporation (ONGC) has unveiled an ambitious plan to invest Rs 2 lakh crore by 2038 to achieve its net-zero carbon emission goal. This investment will involve setting up renewable energy sites, green hydrogen plants, and reducing gas flaring to zero. ONGC's roadmap includes investing Rs 97,000 crore by 2030 in projects like renewable energy capacity, green hydrogen, biogas, pump storage plants, and offshore wind projects. An additional Rs 65,500 crore will be allocated by 2035, primarily for green hydrogen and green ammonia projects. The company aims to offset 9 million tonnes of carbon emissions it is responsible for, both directly and indirectly. ONGC also plans to invest in solar parks, onshore wind capacity, and offshore wind turbines to generate electricity. By 2030, the company aims to eliminate gas flaring through technological interventions. Furthermore, ONGC will invest in pump storage plants, biogas projects, carbon capture, and other clean energy initiatives. Despite its focus on clean energy, ONGC will continue its oil and gas production activities. The company's commitment to sustainability and transition to cleaner energy sources reflects a positive step towards environmental conservation and carbon neutrality.