IPEF’s Clean Economy Investor Forum: Mobilizing Sustainable Investments

IPEF Forum calls for applications from tech companies, startups; to showcase Indian investible sustainable infra projects on EV, solar.

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In an ambitious move to usher in a new era of economic collaboration and environmental stewardship, the Indo-Pacific Economic Framework for Prosperity (IPEF) has announced the organization of a pivotal event: the Clean Economy Investor Forum, slated to take place in Singapore. This forum represents a critical step forward in the IPEF’s mission to foster resilient, sustainable, and inclusive economic growth across its 14 partner nations, which include key global and regional players such as the United States, India, Japan, and Australia, among others.

Launched in May 2022, the IPEF has quickly established itself as a beacon of cooperation and prosperity in the Indo-Pacific region. By focusing on four main pillars of cooperation—Trade, Supply Chain, Clean Economy, and Fair Economy—the IPEF aims to address some of the most pressing challenges of our time, from economic resilience to environmental sustainability.

The Clean Economy Investor Forum is a cornerstone of the IPEF’s commitment to the clean economy pillar. It is an initiative designed to bring together the brightest minds and the most innovative companies from across the region and beyond. From investors and philanthropies to financial institutions and startups, the forum aims to create a dynamic ecosystem where ideas can flourish, partnerships can be forged, and substantial investments can be mobilized towards sustainable infrastructure, climate technology, and renewable energy projects.

The forum is not just a conference; it’s a launching pad for tangible change. It seeks to highlight and support the most promising climate tech companies and startups, providing a platform to showcase their solutions to global investors. This effort is particularly crucial as the world grapples with the urgent need to transition to a cleaner, more sustainable economy. The Department of Commerce, acting as the nodal agency for the IPEF engagements, and Invest India, India’s National Investment Promotion Agency, have been instrumental in organizing this event, showcasing India’s commitment to leading the charge in the clean economy space.

The forum is structured around two main tracks: the Climate Tech Track and the Infrastructure Track. The Climate Tech Track is an open call for climate tech companies and startups from IPEF member countries to present their innovative solutions to a global audience. With the deadline for applications set for 26th April 2024, the process is competitive, aiming to identify the top 100 companies by early May 2024. These selected companies will then have the unique opportunity to pitch their ideas at the forum in Singapore on 5th-6th June 2024.

On the other hand, the Infrastructure Track focuses on showcasing investible sustainable infrastructure projects, emphasising energy transition, transport and logistics, and waste management. The projects selected for this track are those ready or expected to be prepared for private investment soon, highlighting the immediate opportunities for impactful investment.

Furthermore, the forum encourages Indian investors looking to expand their footprint into the IPEF partner countries to participate actively. This not only promotes cross-border investments but also strengthens the economic ties within the region, creating a more interconnected and resilient economic landscape.

As the Clean Economy Investor Forum’s date approaches, the excitement and anticipation among stakeholders are palpable. This event is not just about investment and innovation; it’s about building a collective vision for a prosperous, sustainable future for the Indo-Pacific region and beyond. Interested parties are encouraged to contact the official contact points to learn more about how they can contribute to this landmark initiative. This marks a significant step towards achieving economic prosperity and environmental sustainability.

Interested project proponents and investors may reach out to  india-ipef@commerce.gov.in and IPEFInvestorForum@investindia.org.in