LeadIT 2.0

• PM Modi, in collaboration with his Swedish counterpart Ulf Kristersson, launched the India-Sweden Industry Transition Partnership during the COP28 World Climate Action Summit, hosted in Dubai.
• The initiative has been introduced under the broader framework of the Leadership Group for Industry Transition (LeadIT) 2.0, and marks a significant stride toward a sustainable and green industrial revolution.
• The unveiling of LeadIT 2.0 at COP28 in Dubai has an intensified commitment to three core areas–
  • Inclusive and Just Industry Transition
  • Low Carbon Technology Development and Transfer
  • Emerging Economy Technology Transfer

ABOUT LEADIT INITIATIVE

• LeadIT was launched by India and Sweden at the UN Climate Action Summit in 2019.
• LeadIT has grown into a collaborative effort involving 18 countries and 20 industry-leading companies.
• It brings together countries, companies and industry experts to achieve net-zero emissions from heavy industries by 2050.
• The LeadIT initiative, initially centered around pivotal sectors such as iron, steel, cement, and aluminum, focused on industry transition and knowledge sharing.