State-run GAIL (India) Limited has advanced its net-zero target for Scope-1 and Scope-2 emissions by five years to 2035, from earlier set target of 2040, the company said on June 28.
India’s largest gas distributor GAIL said the decision to advance the target was followed after an extensive study undertaken by the company to enhance its sustainability goals and align with India's broader net zero commitments.
GAIL is undertaking various measures to reduce emissions within its own operations, contributing to a cleaner environment, said Chairman and Managing Director Sandeep Kumar Gupta. By advancing its emission reduction targets to 2035, GAIL reaffirms its role as a trailblazer in India's energy landscape, driving sustainable development and contributing significantly to India's net zero emission target, Gupta added.
GAIL said it plans to achieve the ambitious goal through a strategic approach involving electrification of NG based equipments, renewable energy, battery energy storage systems (BESS), compressed biogas (CBG), green hydrogen, CO2 valorization initiatives and afforestation.
The revised target underscores GAIL's proactive stance in mitigating climate change impacts and contributing towards a cleaner environment, said R K Singhal, Director (Business Development).
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
