India and Sweden hosted the LeadIT Summit on the side-lines of COP27 on November 15. The LeadIT (Leadership for Industry Transition) initiative focuses on low carbon transition of the hard to abate industrial sector.
Key points
- Minister of Environment, Forest and Climate Change, India, Shri Bhupender Yadav, Minister for Climate and the Environment, Sweden, Ms. Romina Pourmokhtari and the Minister for International Cooperation, Egypt, Ms. Raina Al-Mashat participated in the event.
- The Leadership Group for Industry Transition (LeadIT) gathers countries and companies that are committed to action to achieve the Paris Agreement.
- It was launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019 and is supported by the World Economic Forum.
- LeadIT members subscribe to the notion that energy-intensive industry can and must progress on low-carbon pathways, aiming to achieve net-zero carbon emissions.
