A new leadership group was announced at the UN Climate Action Summit to help guide the world’s heaviest greenhouse gas emitting industries toward the low-carbon economy.
About:
This new Leadership Group for Industry Transition is a global public-private effort to ensure heavy industries and mobility companies can find a workable pathway to deliver on the Paris Agreement
This initiative was announced by India and Sweden together with Argentina, Finland, France, Germany, Ireland, Luxembourg, the Netherlands, South Korea and the UK, as well as a group of companies including Dalmia Cement, DSM, Heathrow Airport, Mahindra Group etc.
This initiative will be supported by the World Economic Forum, the Energy Transitions Commission, Mission Innovation, Stockholm Environment Institute, and the European Climate Foundation among many others.
Significance:
Industry sector emissions, including those from hard-to-abate and energy-intensive sectors like steel, cement, aluminum, aviation and shipping are expected to be responsible for 15.7Gt by 2050.
The international collaboration between countries and industry groups is critical to establish workable policy frameworks and incentives, and to enable joint investment into low carbon infrastructure.
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