Leadership Group for Industry Transition

Leadership Group for Industry Transition Latest News

Recently, the Union Minister for Environment, Forest and Climate Change addressed the Leadership Group for Industry Transition (LeadIT) Industry Leaders’ Roundtable, during UNFCCC CoP30 at Belém, Brazil.

About Leadership Group for Industry Transition

• It was jointly launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019.
• It is supported by the World Economic Forum.
• It was the first global high level initiative aimed at reaching net zero emissions from heavy industry. 
• Aim: It gathers countries and companies that are committed to reaching net-zero carbon emissions from industry by 2050.
• LeadIT fosters public and private partnerships to enable the necessary policy environment, finance flows, and exchange of best practice for a just and inclusive industry transition.
• LeadIT 2.0 was initiated for the period 2024-26, at COP-28 in Dubai which focus on
  • Inclusive & Just Industry Transition
  • Co-development & transfer of low-carbon technology
  • Financial support to emerging economies for Industry Transition
  • LeadIT’s three-year Mission Statement, adopted at the annual LeadITSummit at COP28.
• Secretariat: It is hosted by the Stockholm Environment Institute.
• Member countries: 18 countries and 27 companies

Source: PIB

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