CLEAN ECONOMY INVESTOR FORUM (Syllabus: GS Paper 2 – IR)

News-CRUX-10     11th April 2024        
Samadhaan

Context: Indo-Pacific Economic Framework for Prosperity (IPEF) to organise Clean Economy Investor Forum in Singapore.


Clean Economy Investor Forum (CEIF)

  • About: It is an initiative established within the framework of the IPEF.
  • Investor Convergence: It convenes the top investors from the region, fostering collaboration and dialogue.
  • Aim: The primary objective of the Forum is to channel investments towards sustainable infrastructure, climate technology, and renewable energy projects.
  • Annual Event: The IPEF plans to organize the CEIF annually, with the inaugural event scheduled for June 2024 in Singapore.
  • Managed by: Invest India, India’s National Investment Promotion Agency, the forum holds significance for India’s clean economy endeavors.
  • Opportunities for India: The CEIF offers Indian industries avenues for engagement through specialized tracks like the Climate Tech Track and the Infrastructure Track.


INDO-PACIFIC ECONOMIC FRAMEWORK (IPEF)

  • History: The IPEF was launched by United States (US) in Tokyo at the QUAD summit on May 23, 2022. 
  • Aim: The framework intends to “advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness” in these economies. 
  • 14 partners: Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam.
  • The IPEF comprises four pillars of cooperation namely: Trade, Supply Chain, Clean Economy and Fair Economy.

Samadhaan