Indian Firms May Struggle With Emissions Goals

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India’s top oil companies have set net-zero goals that appear more ambitious than those of Western majors, at least in terms of Scope 1 and 2 (operational) emissions. They aim to be net zero by around 2040, about a decade earlier than Exxon Mobil, Chevron, Shell, TotalEnergies and BP — and well before the Indian government's 2070 goal. But there are reasons to be skeptical. For starters, these firms have failed to detail how they plan to achieve these targets, which suggest they could be playing to their political masters in New Delhi. Bigger polluters in India's power sector like NTPC have set targets that look more realistic, linking them to India’s 2070 deadline.

Topics:
Corporate Strategy , CO2 Emissions, Renewable Electricity , Hydrogen, Carbon Capture (CCS), Refining, Conventional Oil and Gas
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