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Phase-II of Leadership Group for Industry Transition (LeadIT 2.0)

By Amigos IAS

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.

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