Leadership Group for Industry Transition (LeadIT)

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Context

• Recently, the India-Sweden Industry Transition Partnership was launched during the COP28 World Climate Action Summit, hosted in Dubai.

Details

• The initiative, introduced under the broader framework of the Leadership Group for Industry Transition (LeadIT) 2.0, marks a significant stride toward a sustainable and green industrial revolution.

About LeadIT

• The Leadership Group for Industry Transition (LeadIT) was launched by the prime ministers of Sweden and India with support from the World Economic Forum (WEF) during the UN Secretary-General’s Climate Action Summit on 23 September 2019, in New York.
• The Leadership Group for Industry Transition (LeadIT) gathers countries and companies that are committed to action to achieve the Paris Agreement.
• LeadIT members subscribe to the notion that energy-intensive industries can and must progress on low-carbon pathways, aiming to achieve net-zero carbon emissions.
• Representatives from Sweden, India, and the World Economic Forum make up LeadIT’s Management Board.
• A Technical and Expert Committee, made up of LeadIT member representatives, advises the Board.
• The Board approves new members and decides on the work plan of the Secretariat.
• The LeadIT Secretariat is responsible for managing the work of the Leadership Group and is hosted by Stockholm Environment Institute (SEI).

READ

https://www.iasgyan.in/daily-current-affairs/global-stocktake

https://www.iasgyan.in/daily-current-affairs/indias-updated-nationally-determined

https://www.iasgyan.in/daily-current-affairs/nationally-determined-contributions

https://www.iasgyan.in/daily-current-affairs/climate-finance

https://www.iasgyan.in/daily-current-affairs/climate-finance

https://www.iasgyan.in/daily-current-affairs/ipcc-ar6-synthesis-report

https://www.iasgyan.in/daily-current-affairs/ipccs-sixth-assessment-report

https://iasgyan.in/blogs/all-about-intergovernmental-panel-on-climate-changeipcc