About Leadership Group for Industry Transition:
- It was jointly launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019.
- It is supported by the World Economic Forum.
- It was the first global high level initiative aimed at reaching net zero emissions from heavy industry.
- Aim: It gathers countries and companies that are committed to reaching net-zero carbon emissions from industry by 2050.
- LeadIT fosters public and private partnerships to enable the necessary policy environment, finance flows, and exchange of best practice for a just and inclusive industry transition.
- LeadIT 2.0 was initiated for the period 2024-26, at COP-28 in Dubai which focus on;
- Inclusive & Just Industry Transition
- Co-development & transfer of low-carbon technology
- Financial support to emerging economies for Industry Transition
- LeadIT’s three-year Mission Statement, adopted at the annual LeadIT Summit at COP28.
- Secretariat: It is hosted by the Stockholm Environment Institute.
- Member countries: 18 countries and 27 companies.
