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PIB Summaries 07 June 2024

  1. IPEF Clean Economy Investor Forum


Context:

India participates in the inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.

Relevance:

Facts for Prelims

About IPEF Clean Economy Investor Forum

Initiative:

  • One of the initiatives under the International Partnership for Economic Cooperation (IPEF), launched in May 2022.

Objective:

  • To mobilise investments into sustainable infrastructure, climate technology, and renewable energy projects.

Key Features:

  • Provides a platform for climate tech entrepreneurs and companies in India.
  • Recognises top climate tech companies and start-ups among member countries.
  • Presents them to global investors.

IPEF Pillars of Cooperation:

  • Trade
  • Supply Chain
  • Clean Economy
  • Fair Economy

Member Countries:

  • Comprises 14 country partners:
    • Australia
    • Brunei Darussalam
    • Fiji
    • India
    • Indonesia
    • Japan
    • Republic of Korea
    • Malaysia
    • New Zealand
    • Philippines
    • Singapore
    • Thailand
    • United States
    • Vietnam

June 2024
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