The energy transition is creating a multi-trillion-dollar market for green technologies. Renewable energy infrastructure is significantly more metal-intensive than fossil fuel-based power plants. The transition to renewable energies has become a main driver of global metal demand. By 2040, the global economy is expected to use four times the current amount of critical minerals to generate renewable electricity, electrify transport, and decarbonize industrial processes.
Policymakers, consumers, manufacturers, and mining companies seek to diversify and make mineral supply chains more resilient. For developing countries, particularly those endowed with mineral resources, this offers opportunities to supply raw materials, but more importantly, to increase their role in refining and manufacturing, and capture a larger share of the fast-growing market of green technologies. Value addition in developing countries contributes to job creation, infrastructure development, sustainable growth, and global decarbonization efforts.
Significant public and private investments, both domestic and international, are crucial to boosting manufacturing capacities. These investments demand adequate regulations and an enabling business climate, high-performing and capable institutions, strong environmental, social, and governance (ESG) standards, a skilled workforce, and well-planned infrastructure.
Few countries have all the necessary elements in place to fully leverage their resources. Multisectoral planning, massive financial mobilization, and multilateral cooperation are needed to further develop and diversify green supply chains. The long lead times of infrastructure and skills development call for immediate action.
RISE
The RISE Partnership is a global initiative that provides knowledge, technical assistance, and finance facilitation to (i) create an enabling business climate generating new opportunities for developing inclusive supply chains of clean energy products in targeted low- and middle-income countries, bringing value addition and benefits of diversified economies; and (ii) support global decarbonization efforts through more diversified and inclusive supply chains of clean energy products for the global economy.
RISE Structure
RISE consists of three interlinked pillars in sequence from analytics through technical assistance to investment facilitation.
Why RISE?
Diversifying global supply chains requires expertise across disciplines and the ability to engage a broad spectrum of stakeholders¡ªincluding government entities, businesses, and local communities¡ªin the implementation process. Creating sustainable and resilient mineral supply chains for clean energy products is a long-term engagement. It requires durable policy dialogue and investments in good governance and transparency, including efficient sector management, protection of legal rights, transparent revenue management, adherence to the highest environmental, social, and governance standards (including occupational health and safety), strategic infrastructure planning, skills, and quality jobs, inclusive stakeholder engagement, gender equality, and community development.
RISE relies on countries¡¯ reform efforts to maximize the development impact in participating countries.
It also contributes to mutually beneficial outcomes for producer and consumer countries. RISE¡¯s multi-partner, multi-country approach can scale up competitiveness and sustainability. Regional trade and integrated planning of cross-boundary infrastructure can support the development of subregional clusters of mineral and clean energy value chains. Clusters can be formed based on commodities, processing, transport, and energy. Improvement in both, the physical and regulatory aspects of trade infrastructure will enable a unified approach to value chains that span multiple countries, facilitating a diverse exchange of minerals and partially processed products.
IMPACT
RISE supports developing countries in capturing a larger share of the growing clean-energy markets to create jobs, develop infrastructure, and foster sustainable economic growth.
RISE supports:
local economies by creating local employment opportunities in the refining, manufacturing, distribution, and sales sectors of clean energy products. Inclusive supply chains promote gender equality by creating jobs for women.
the decarbonization of the industry. Environmental benefits are realized by reducing greenhouse gas emissions, aiding climate change mitigation efforts.
strategic infrastructure planning designed to provide energy and market access to remote areas to enhance the quality of life for underserved communities.
Collectively, these impacts support the achievement of multiple Sustainable Development Goals, including the creation of quality jobs, affordable and clean energy, economic growth, innovation, reduced inequalities, and climate action.
IMPLEMENTATION
The RISE initiative is managed by the Extractives Global Programmatic Support (EGPS) Multi-Donor Trust Fund, and the World Bank Extractives Global Team leads its implementation. Teams across the World Bank Group are involved in the design and implementation of activities to ensure strategic alignment for a meaningful and long-lasting impact.
RISE became effective with the signing of an administration arrangement between the World Bank and Japan in February 2024.
This site uses cookies to optimize functionality and give you the best possible experience. If you continue to navigate this website beyond this page, cookies will be placed on your browser. To learn more about cookies, click here.
