India's ONGC Commits $24.2 Billion Investment for Carbon Neutrality by 2023
Mar 04,2024 | DAXTROMNSOLAR
India's ONGC to Invest $24.2 Billion to Meet Net-Zero Emissions Goal by 2023
India's Oil and Natural Gas Corporation (ONGC) announced its plan to invest $24.2 billion in order to achieve its goal of net-zero emissions by 2023. The company aims to reduce its carbon footprint and become more environmentally friendly in its operations. ONGC plans to allocate a significant portion of the investment towards developing renewable energy sources such as solar power and wind energy. This move reflects India's commitment to fighting climate change and transitioning to a more sustainable energy future.
[My Perspective]
I believe ONGC's commitment to invest in renewable energy sources and strive for net-zero emissions is a commendable step towards addressing the pressing issue of climate change. By transitioning to cleaner energy alternatives, ONGC is not only reducing its own carbon footprint but also setting an example for other companies in the industry to follow suit. This investment not only benefits the environment but also presents a great business opportunity for ONGC in the growing renewable energy market.
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