(BS)
India is aiming to finalise a potential carbon credit deal with Japan early in 2025 and then advance similar negotiations with nations including South Korea and Singapore. The world’s third-largest carbon dioxide emitter wants to attract investment and technology to be deployed on projects that would mitigate pollution and generate credits, according to people familiar with the discussions, who asked not to be identified as the deliberations are private.
A bilateral agreement with Japan is likely to be signed early next year and India will seek to complete pacts with South Korea and Singapore before the end of the fiscal year ending in March 2026, one of the people said. Talks over prospective future deals also are taking place with Germany and Sweden. A spokesperson for India’s ministry of environment, forest and climate change didn’t respond to a request for comment.
