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.
India is aiming to finalize 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.
