Clean Economy Investor Forum in Singapore to be Hosted by IPEF in June

The Indian Ministry recently announced that the Indian Ocean Rim Association (IORA) for Regional Cooperation will be holding the Clean Economy Investor Forum in Singapore in June. This event, organized by the Indian Ocean Peace Economy Forum (IPEF), will unveil the top 100 companies in early May 2024 and extend invitations to shortlisted companies for participation in the investor forum in Singapore.

The IPEF, comprised of 14 member countries including India, Australia, the US, Japan, Fiji, South Korea, New Zealand, Singapore, and Thailand, collectively represents 40% of global gross domestic product and 28% of global trade in goods and services. The structure of IPEF revolves around four pillars: trade, supply chains, clean economy, and fair economy, encompassing issues such as tax and anti-corruption. India has actively participated in all pillars except for trade.

The Clean Economy Investor Forum is a key initiative within the IPEF framework, designed to unite the top investors, financial institutions, companies, startups, and entrepreneurs from the region to drive investments into sustainable infrastructure, climate technology, and renewable energy projects.

This forum will offer opportunities for the Indian industry in the areas of climate and infrastructure. The climate tech track will recognize and present the top climate tech companies and startups from member countries to global investors, while the infrastructure track will showcase selected sustainable infrastructure projects for investment at the 2024 forum.

The statement emphasizes that energy transition, transport and logistics, and waste management/waste to energy are the focus sectors. Projects ready for private investment within the next 18 months will be prioritized for showcase at the forum.

The eligibility criteria for climate tech firms to apply includes having a significant focus or level of operations in an IPEF member country, and the companies must be founded in or after 2010. The evaluation process will be based on five key criteria for inclusion in the Indo-Pacific Climate Tech 100, with the highest-rated firms being included in the final list of 100.