New Delhi, Oct. 2 -- India is in talks with Singapore, Sweden, and South Korea to set up bilateral carbon crediting arrangements similar to the one it signed with Japan in August, said two government officials.

Such agreements are meant to promote low-carbon projects, share emission reductions, and advance the climate targets under the Paris Agreement. For India, these deals promise access to clean technology and climate finance while also strengthening economic and strategic ties.

India signed its first such deal, called the Joint Crediting Mechanism (JCM), with Japan on 7 August under the Paris Agreement, which allows countries to cooperate through voluntary carbon markets overseen by the UN climate framework.

The initiative marks a ...