V.S. Seshadri - Volume VII, Issue 40

DPG is deeply committed to the growth of India’s national power and purpose, the security and prosperity of the people of India and India’s contributions to the global public good. [...] 2.3 Clean Economy pillar Considering the large energy and infrastructure needs on the one hand and the Paris climate agreement goals on the other, the partners are to accelerate efforts in pursuit of mitigation and elimination of greenhouse gas (GHG) emissions, enhance energy security, climate resilience and adaptation, as well as promote DPG Policy Brief Vol. [...] In the immediate term, the question is whether any political change brought about in the composition of the House and Senate by the US mid-term elections later this year will impact IPEF’s rapid evolution and the Biden Administration’s commitment to it. [...] The question then arises what inter se priority will the latter get accorded? Will some of the pending bilateral trade, technology and other economic issues between the US and China also get addressed in the meanwhile? If so, could the US use its chairmanship to trigger new approaches in APEC as well, and push China towards more openness, transparency and compliance with WTO and other trade rules?. [...] While China figures nowhere in the detailing of the four pillars of IPEF, nor was it mentioned in the remarks made by Raimondo or Tai following the Los Angeles meeting, Raimondo did make the point at the initial joint briefing on the eve of IPEF’s launch on May 23, that countries in IPEF will be more reliable partners for US businesses as they were beginning to look for alternatives to China13.