IPEF Clean Economy Investor Forum

At the IPEF Clean Economy Investor Forum participants "identified $23 billion of priority infrastructure projects for consideration"  at the inaugural meeting in Singapore June 6.

The United States joined its 13 IPEF partners – Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Viet Nam in meetings with institutional investors who shared their plans for capital deployments to IPEF economies.

Global Infrastructure Partners, KKR, and the Indo-Pacific Partnership for Prosperity announced a new coalition to "catalyze infrastructure investment across IPEF emerging economies."

Coalition members, which also include Allied Climate Partners, BlackRock, GIC, the Rockefeller Foundation, and Temasek, will help facilitate the identification, promotion, and development of successful infrastructure projects in IPEF countries.

The IPEF Partners and the Private Infrastructure Development Group announced the launch of the IPEF Catalytic Capital Fund, which deploys concessional financing, technical assistance, and capacity-building support to expand the pipeline of infrastructure projects in emerging and upper-middle income economies party to the IPEF Clean Economy Agreement.

Projects in development include a renewable energy platform in India, a diesel replacement program in Indonesia, and a water treatment plant in Vietnam.

The Fund’s founding supporters include Australia, Japan, the Republic of Korea, and the United States, which plan to provide $33 million in initial grant funding to catalyze up to $3.3 billion in private investment.

Among the major committments announced were cloud computing, data center and submarine cable projects, India's first battery energy storage system, a carbon capture scheme in Singapore, and several hundred million dollars of U.S. International Development Finance Corporation (DFC) funding to investment funds in the region.