Indo-Pacific Economic Framework Launches Investor Forum to Propel Clean Economy Growth

In a significant move to foster regional economic growth and sustainability, the Indo-Pacific Economic Framework for Prosperity (IPEF) was inaugurated in May 2022, uniting 14 nations including Australia, India, Japan, and the United States among others. This collaborative platform focuses on enhancing resilient, sustainable, and inclusive economic expansion across the Indo-Pacific region, structured around four key pillars: Trade, Supply Chain, Clean Economy, and Fair Economy.

A notable initiative under the IPEF is the Clean Economy Investor Forum, a gathering of the region’s premier investors, philanthropies, financial institutions, and entrepreneurs. The forum’s objective is to channel investments into sustainable infrastructure, climate technology, and renewable energy initiatives. The Department of Commerce leads the IPEF engagements, with Invest India overseeing the Clean Economy Investor Forum.

India, demonstrating its leadership in the Clean Economy sector, will present significant infrastructure projects and leading climate tech firms to global investors at the forum. This initiative not only highlights India’s innovative solutions in the clean economy sphere but also offers investment opportunities in large-scale projects.

The forum is structured around two main tracks: the Climate Tech Track and the Infrastructure Track. The Climate Tech Track invites climate tech companies and startups from IPEF member countries to apply for an opportunity to showcase their solutions to global investors. Applications are open until April 26, 2024, with the top 100 companies being announced in May 2024. These selected companies will then present at the Investor Forum in Singapore on June 5-6, 2024.

Concurrently, the Infrastructure Track will feature investible sustainable infrastructure projects focusing on sectors such as energy transition, transport, logistics, and waste management. Priority will be given to projects ready for private investment within the next 18 months.

This initiative underscores the Indo-Pacific region’s commitment to climate resilience and sustainable development, inviting Indian and international investors to engage in this transformative journey.