US, Indo-Pacific partners holding talks in Singapore on clean energy
Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a «Clean Economy» investor forum to boost infrastructure and climate investments across the region.
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It marks the first in-person IPEF ministerial session since the substantial conclusion of negotiations for the IPEF Clean Economy Agreement and the Fair Economy Agreement in November in San Francisco.
U.S. Commerce Secretary Gina Raimondo said the countries plan to outline steps under each of the agreements this week.
«We're going to finalize all of those agreements at the ministerial,» Raimondo said. Additional announcements are expected on a supply chain agreement, she said.
The IPEF Clean Economy Investor Forum includes 22 major U.S. companies such as Amazon.com's AWS Bechtel, Alphabet's Google, Microsoft, BlackRock, Bechtel, Citi, Goldman Sachs, JPMorgan, Morgan Stanley and KKR. Raimondo said there also will be major Australian and Japanese investors at the forum.
«Government-to-government agreements are great,» Raimondo said. «But honestly it's time to implement — put some points on the board.… We hope to start doing deals and making investments in the clean economy in the IPEF countries.»
Raimondo said each country has submitted their top clean economy projects «and then we're going to have matchmaking sessions at the investor forum.» Raimondo
