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Q112 (CDS-I/2026) Economy › Economy Current Affairs

Which of the following statements about India's Green Energy target is/are correct ? 1. ONGC Green has set a plan to achieve 10 GW of green energy capacity by 2030. 2. ONGC Green and IIM Nagpur have signed a Memorandum of Understanding (MoU), which aims at contributing to India's broader goal of achieving net zero emissions by 2050. Select the answer using the codes given below :

Result
Your answer: —  Â·  Correct: A

Explanation

  • Statement 1 is correct: ONGC Green Limited (OGL), a wholly-owned subsidiary of the Oil and Natural Gas Corporation (ONGC), has a set target to achieve 10 GW of renewable energy capacity by 2030. This initiative is part of ONGC's broader strategy to diversify into green hydrogen, solar, wind, and other clean energy sources.
  • Statement 2 is incorrect: While ONGC Green Limited and IIM Nagpur did sign a Memorandum of Understanding (MoU) in December 2024 to collaborate on energy transition and sustainability research, the statement misidentifies the target year. India's official national goal, as pledged at COP26 in Glasgow, is to achieve net-zero emissions by 2070, not 2050. The MoU specifically aims to support this 2070 national target.
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