India and Sweden are hosting this side event at COP28 that will present the objectives of the next phase of the Leadership Group for Industry Transition (2024-2026), LeadIT 2.0 and a new bilateral Industry Transition Platform between Sweden and India.
The event addresses how LeadIT 2.0 will accelerate a just and equitable industry transition through partnerships, technology co-development, and financial and technical assistance focused on industry decarbonization for emerging and developing economies.
At COP28, Lead IT members adopted a Mission Statement for the initiative’s next phase (2024-2026) to reaffirm their dedication to accelerating a just and equitable industry transition to achieve the goals of the Paris Agreement.
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 by 2050.38 LeadIT members have committed to action to achieve the Paris Agreement.
LeadIT fosters collaboration between decision-makers in the public and private sector to create conducive policies and share best practices to accelerate industry transition. A joint Mission Statement for the next phase of LeadIT (2024-2026),LeadIT 2.0 was adopted at the annual LeadIT Summit at COP28 in Dubai on 9 December 2023.
By
KMA Team
