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Consider the following statements with reference to the Clean Economy Investor Forum:
1. It is one of the initiatives under the Indo-Pacific Economic Framework for Prosperity (IPEF).
2. It aims to mobilize investments into sustainable infrastructure, climate technology and renewable energy projects.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with reference to the Clean Economy ...
Indian delegation participated in the inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.
About Indo-Pacific Economic Framework for Prosperity (IPEF)
  • It is an economic initiative launched by the United States President on May 23, 2022.
  • IPEF has 14 members: Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Vietnam.
  • This framework is intended to advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness for member economies.
  • The forum seeks to go beyond traditional free trade agreements and work on the issues of supply chains, clean energy, decarbonisation, infrastructure, and tax and anti-corruption.
  • Four pillars of cooperation: Trade, Supply Chain, Clean Economy, and Fair Economy. India is not part of the trade pillar.
Clean Economy Investor Forum
  • The IPEF Clean Economy Investor Forum is one of the initiatives under the IPEF.
  • It brings together the region's top investors, philanthropies, financial institutions, innovative companies, startups and entrepreneurs. The forum aims to mobilize investments into sustainable infrastructure, climate technology and renewable energy projects.
  • The Department of Commerce is the nodal agency for the IPEF engagements, and the IPEF Clean Economy Investor Forum is managed by Invest India, the country's national investment promotion agency.
Hence both the statements are correct.
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Consider the following statements with reference to the Clean Economy Investor Forum:1. It is one of the initiatives under the Indo-Pacific Economic Framework for Prosperity (IPEF).2. It aims to mobilize investments into sustainable infrastructure, climate technology and renewable energy projects.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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