Why is it in the news?
- Recently, the IPEF organized a Clean Economy Investor Forum in
About IPEF Clean Economy Investor Forum
- The IPEF Clean Economy Investor Forum, a key initiative of the IPEF, focuses on catalyzing investments in sustainable infrastructure, climate technology, and renewable energy projects.
- It serves as a premier platform, uniting leading investors, philanthropic entities, financial institutions, innovative corporations, startups, and entrepreneurs from the region.
- This forum is managed by Invest India, India’s National Investment Promotion Agency.
- The Climate Tech Track within the Forum provides a platform for premier climate tech companies and startups, particularly from member countries like India, to showcase their groundbreaking innovations to international investors. It aims to spotlight pioneering enterprises driving advancements in climate technology.
- Meanwhile, the Infrastructure Track emphasizes investment-ready sustainable projects spanning energy (solar, wind, hydrogen), transportation (EVs, charging stations), and waste management. These projects will be prominently featured at the 2024 Forum in India, offering lucrative opportunities for investors seeking to engage in impactful infrastructure ventures.
| About Indo-Pacific Economic Framework for Prosperity (IPEF)
· The Indo-Pacific Economic Framework for Prosperity (IPEF), initiated by U.S. President Joe Biden in 2022, aims to foster collaboration among countries in the region for resilient, sustainable, and inclusive economic growth, promoting cooperation, stability, and prosperity. · With 14 partner nations including Australia, India, Japan, the U.S., and others, the framework is overseen by the Department of Commerce for engagements. · It focuses on four key pillars of cooperation: Trade, Supply Chain, Clean Economy, and Fair Economy.
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