New Delhi: State-owned gas utility GAIL (India) Ltd on Friday said it has advanced the target of achieving net zero carbon emissions in five years to 2035 as it adopts a multi-pronged approach to achieving the target.
Previously, the company aimed to net zero carbon emissions by 2040.
"GAIL's board of directors approved advancing its net zero target for Scope I and 2 emissions by five years, from 2040 to 2035," the company said in a statement.
Scope 1 covers emissions from sources that an organization directly owns or controls, for example burning fuel in factories or even its vehicle fleet.
Scope 2 emissions are the emissions that a company causes indirectly and come from where it buys and uses energy. For example, emissions caused when generating electricity.
"This decision follows an extensive study by GAIL to improve its sustainability goals and align with India's broader net zero commitments," it said. "GAIL plans to achieve this ambitious goal through a strategic approach involving the electrification of natural gas-based equipment, renewable energy, battery energy storage systems (BESS), compressed biogas (CBG), green hydrogen, initiatives of CO2 recovery and afforestation".
GAIL Chairman and Managing Director Sandeep Kumar Gupta said the company itself is engaged in marketing and transmission of natural gas, which is a cleaner fuel that helps reduce emissions from various industries and end consumers.
"In addition, GAIL is taking several measures to reduce emissions within its own operations, contributing to a cleaner environment. By advancing its emissions reduction targets up to 2035, GAIL reaffirms its role as a pioneer in India's energy landscape. , driving sustainable development and contributing significantly to India's net zero emissions goal," he said.
India has set a goal of achieving net zero carbon emissions nationwide by 2070.
GAIL director (business development) R K Singhal said the company is making sustained and focused efforts to achieve the targets.
The revised target underlines GAIL's proactive stance to mitigate the impacts of climate change and contribute to a cleaner environment, the statement said, but did not give details of the measures it plans to take.
Previously, the company aimed to net zero carbon emissions by 2040.
"GAIL's board of directors approved advancing its net zero target for Scope I and 2 emissions by five years, from 2040 to 2035," the company said in a statement.
Scope 1 covers emissions from sources that an organization directly owns or controls, for example burning fuel in factories or even its vehicle fleet.
Scope 2 emissions are the emissions that a company causes indirectly and come from where it buys and uses energy. For example, emissions caused when generating electricity.
"This decision follows an extensive study by GAIL to improve its sustainability goals and align with India's broader net zero commitments," it said. "GAIL plans to achieve this ambitious goal through a strategic approach involving the electrification of natural gas-based equipment, renewable energy, battery energy storage systems (BESS), compressed biogas (CBG), green hydrogen, initiatives of CO2 recovery and afforestation".
GAIL Chairman and Managing Director Sandeep Kumar Gupta said the company itself is engaged in marketing and transmission of natural gas, which is a cleaner fuel that helps reduce emissions from various industries and end consumers.
"In addition, GAIL is taking several measures to reduce emissions within its own operations, contributing to a cleaner environment. By advancing its emissions reduction targets up to 2035, GAIL reaffirms its role as a pioneer in India's energy landscape. , driving sustainable development and contributing significantly to India's net zero emissions goal," he said.
India has set a goal of achieving net zero carbon emissions nationwide by 2070.
GAIL director (business development) R K Singhal said the company is making sustained and focused efforts to achieve the targets.
The revised target underlines GAIL's proactive stance to mitigate the impacts of climate change and contribute to a cleaner environment, the statement said, but did not give details of the measures it plans to take.
