Published on Apr 17, 2024
Daily PIB Summaries
PIB Summaries 17 April 2024
PIB Summaries 17 April 2024

CONTENT

  1. IPEF to Host Clean Economy Investor Forum in Singapore

IPEF to Host Clean Economy Investor Forum in Singapore

Context:

The Indo-Pacific Economic Framework for Prosperity (IPEF) has announced plans to organize a Clean Economy Investor Forum in Singapore on 5th-6th June 2024.

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