India and Sweden co-chaired the Annual Summit of the Leadership Group for Industry Transition (LeadIT), held on the sidelines of COP29 to the UN Climate Change Summit in Baku, Azerbaijan in November 2024.
- The LeadIT Summit brings together the country and company members to discuss low-carbon industrial transition.
- The objective is to support plans that align heavy industry with the objectives of the Paris Agreement.
- The summit spotlighted the critical role of transforming sectors such as steel and cement.
- The India-Sweden Industry Transition Partnership launched under LeadIT 2.0 at COP 28 in 2023, a model for international cooperation, was highlighted as a key mechanism for co-developing technologies, sharing knowledge, and driving the transition of industries such as steel and cement.
