Why is it in the news?

• Co-launched by Prime Minister Narendra Modi and the Prime Minister of Sweden at COP-28 in Dubai.
• Represents a collaborative effort for a sustainable and low-carbon industry transition.

More about the news

• LeadIT was initiated at the UN Climate Action Summit in 2019.
• Launched by the governments of Sweden and India, supported by the World Economic Forum.
• LeadIT aims to facilitate the transition of energy-intensive industries towards low-carbon pathways.
• Focuses on achieving net-zero carbon emissions.

LeadIT 2.0 Focus Areas

• Aims for an industry transition that is inclusive and just.
• Focuses on collaborative development and transfer of low-carbon technologies.
• Provides financial support to emerging economies to facilitate their transition in the industry sector.