Wahyu Dwi Anggoro
“These are exactly the kinds of initiatives we need right now,” World Bank President Ajay Banga said.
“This partnership will give developing countries the promise of a brighter future, one with a healthy economy and a livable planet. Countries will have new economic opportunities in clean energy and minerals industries; leading to jobs that help them build better lives for themselves and their families," he added.
The energy transition will create a trillion-dollar market, with tens of millions of jobs along global mineral value chains. It represents an opportunity for EMDCs to build manufacturing capacity, boost job growth, and strengthen long-term economic development.
“Japan plans to contribute a total of USD25 million to RISE to support the sustainable development of low- and middle-income countries and supply chain diversification of clean energy products. We will steadfastly advance this initiative in close cooperation with a diverse set of stakeholders,” said Japan’s Minister of Finance, Suzuki Shunichi.
The RISE partnership will help build resilient economies and foster more sustainable and diversified global mineral value chains—imperatives in the fight against climate change. By strengthening environmental policies, social standards, and good governance, the program will also eliminate some of the existing barriers to both private and public investments in critical minerals, clean-energy manufacturing, and the associated infrastructure. (WHY)
