IPEF Forum Identifies USD 23 Billion Investment Opportunities in Clean Economy
Key Ideas
- Singapore's ministry identified 69 sustainable infrastructure projects totaling over USD 23 billion at the Indo-Pacific Economic Framework for Prosperity (IPEF) forum.
- 20 investment-ready projects worth about USD 6 billion were presented to investors, with an additional USD 17 billion projects identified for potential future investments.
- Countries like Australia, Japan, Korea, and the US announced the launch of the IPEF Catalytic Capital Fund and Japan's Hydrogen Fund to support clean economy projects, including strengthening cross-border hydrogen supply chains.
- The forum aims to mobilize financing for clean energy and climate-friendly infrastructure in the Indo-Pacific region, involving top investors, start-ups, and government officials.
The Indo-Pacific Economic Framework for Prosperity (IPEF) clean economy investor forum in Singapore identified 69 sustainable infrastructure projects with investment opportunities totaling over USD 23 billion. The forum, organized by Singapore's Ministry of Trade and Economy, highlighted 20 investment-ready projects worth USD 6 billion that were presented to investors at business matching sessions. Additionally, projects worth USD 17 billion were earmarked for potential future investments. The forum, attended by 300 participants from the Indo-Pacific region, aimed to facilitate business and capital matching and strengthen connections between the public and private sectors. The 14-member IPEF bloc, launched in Tokyo in 2022, focuses on various key pillars including clean economy. Countries like Australia, Japan, Korea, and the US announced initiatives like the IPEF Catalytic Capital Fund and Japan's Hydrogen Fund to support clean economy projects, with a specific focus on hydrogen supply chains. The forum signifies a collaborative effort to advance clean energy and climate-friendly infrastructure in the region, with a particular emphasis on sustainable development and economic growth.
Topics
India
Clean Energy
Economic Development
Investment Opportunities
Sustainable Infrastructure
Indo-Pacific Region
IPEF Partners
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