Q. With reference to Resilient and Inclusive Supply-chain Enhancement (RISE) initiative, consider the following statements:
1.The initiative will focus on assisting emerging markets and developing countries in expanding their clean-energy production and increasing their involvement in the minerals industry.
2.It aims to reduce the cost of clean energy products for low- and middle-income countries by outsourcing production to countries with lower labor costs.
Select the correct answer from the codes given below:
Explanation –
Statement 1 is correct. RISE initiative has been launched by World Bank in partnership with Japan, Italy, Republic of Korea, Canada and United Kingdom. It aims to deal with two important problems: creating jobs and addressing climate change. The initiative will focus on assisting emerging markets and developing countries in expanding their clean-energy production and increasing their involvement in the minerals industry.
Statement 2 is incorrect. The RISE initiative is not designed to reduce the cost of clean energy products by outsourcing production to countries with lower labor costs. Instead, the initiative is focused on building up the capacity of developing countries to produce their own clean energy products, by providing them with technical assistance, training, and access to financing.
Source: ForumIAS
