More is More: Potential boost to Asian renewable energy from the Indo-Pacific Economic Framework
Multilateral agreements led by United States and China could benefit countries which need a combined annual spend of about USD1.27T to hit the 1.5°C climate goal
The Indo-Pacific Economic Framework (IPEF) may take another 12-18 months of negotiations to deliver details. IPEF member countries can choose to sign up to any or all of its four Pillars: Fair trade, Supply-chain resilience, Decarbonization, and Anti-corruption. If the IPEF becomes a binding agreement that delivers on its ambitions, many Asia Pacific economies could receive a boost to their clean energy needs.