Japan, India near carbon offset deal


TOKYO: Japan plans to agree to a carbon offset deal with India, Japanese media reported, citing unnamed government sources, potentially making the south Asian country the largest economy yet to sign up to cut greenhouse gas emissions under a Japanese scheme.

The two are expected to announce plans to accelerate negotiations over Japan’s bilateral carbon offset mechanism when Japanese Prime Minister Shinzo Abe welcomes Indian Prime Minister Narendra Modi to Tokyo in early July for annual talks, the Nikkei news agency reported yesterday.

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