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The Indo-Pacific Economic Framework for Prosperity (IPEF) is a flexible, non-traditional economic initiative launched by the United States in May 2022 with 13 partner countries. Unlike traditional free trade agreements, the IPEF eschews tariff liberalization and market access, focusing instead on four pillars: a connected economy, a resilient economy, a clean economy, and a fair economy. While the initiative aims to reassert U.S. influence in the region, it faces challenges regarding the willingness of partners to commit to high standards and criticisms over the lack of U.S. concessions.

This report by the International Institute for Sustainable Development (IISD) inventories fossil fuel subsidies in Ontario, detailing nearly CAD 700 million in annual public spending and providing recommendations for provincial subsidy reform to support a clean economy transition.