Published on Jun 7, 2024
Daily PIB Summaries
PIB Summaries 07 June 2024
PIB Summaries 07 June 2024

CONTENTS

  1. IPEF Clean Economy Investor Forum

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