{"id":11831,"date":"2024-09-09T03:09:40","date_gmt":"2024-09-09T03:09:40","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=11831"},"modified":"2024-09-09T03:09:40","modified_gmt":"2024-09-09T03:09:40","slug":"oil-india-joins-oil-and-gas-decarbonization-charter-says-on-track-to-achieve-net-zero-target-by-2040","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/11831\/","title":{"rendered":"Oil India joins Oil and Gas Decarbonization Charter, says on track to achieve Net Zero target by 2040"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0State-owned enterprise Oil India Limited (OIL), a Maharatna CPSE, has declared its support for sustainable energy practices by signing up for the Oil and Gas Decarbonisation Charter (OGDC).<\/p>\n

The PSU said in its regulatory filing that the move underscores OIL\u2019s dedication to reducing carbon emissions and zero flaring initiatives and contributing to a greener future for the nation.<\/p>\n

The energy giant said that being OGDC signatory, OIL is on track of decarbonization to achieve its target of Net Zero by 2040.<\/p>\n

Launched at COP28 in 2023, the OGDC marks a major step forward in the industry\u2019s joint endeavour to lower greenhouse gas emissions from oil and gas activities.<\/p>\n

By signing this Charter, the OIL has demonstrates its commitment to environmental stewardship, including operational efficiency and R&D investment, and aligns itself with international best practices, the company said.<\/p>\n

The charter has been signed by ver 50 of the biggest oil and gas companies in the world so far.<\/p>\n

As per the information provided on the website of the OGDC, it is one of the landmark initiatives launched at COP28 by Dr. Sultan Al Jaber, COP28 President.<\/p>\n

It is a global industry effort dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sector.<\/p>\n

The Charter itself outlines a series of ambitions for Signatories, which will be supported by a sustained program of knowledge sharing and collaboration to accelerate action.<\/p>\n

\u201cWith its broad geographical reach, targeting producing nations in the Global North and South, the OGDC has the potential to deliver tangible outcomes in support of the world\u2019s move to a net-zero greenhouse gas emissions future.,\u201d the information adds.<\/p>\n

The OGDC is a key initiative under the Global Decarbonization Accelerator (GDA), a series of landmark initiatives launched at COP28 to speed up the energy transition and drastically reduce global emissions.<\/p>\n

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