News18
Indian oil companies are targeting net zero by 2046 as they decarbonise operations to cut emissions and transition to cleaner fuels, Oil Minister Hardeep Singh Puri said on Monday. While India has pledged net zero carbon emissions by 2070, state-owned companies have set targets ranging from 2038 (ONGC) to 2046 (IOC).
“Indian energy sector is on the cusp of a transition and is rapidly moving towards the centre of global oil and energy market as we are set to become a USD 5 trillion economy,” Puri said, addressing the 26th Energy Technology Meet here.
India’s energy demand, he said, will continue to provide fuel for future economic growth.
India is the world’s 3rd largest consumer of oil, 3rd largest LPG consumer, 4th largest LNG importer, 4th largest refiner, and 4th largest automobile market.
