Leadership Group for Industry Transition (LeadIT)

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Context

• Recently, the India-Sweden Industry Transition Partnership was launched during the COP28 World Climate Action Summit, hosted in Dubai.

Details

• The initiative, introduced under the broader framework of the Leadership Group for Industry Transition (LeadIT) 2.0, marks a significant stride toward a sustainable and green industrial revolution.

About LeadIT

• The Leadership Group for Industry Transition (LeadIT) was launched by the prime ministers of Sweden and India with support from the World Economic Forum (WEF) during the UN Secretary-General’s Climate Action Summit on 23 September 2019, in New York.
• The Leadership Group for Industry Transition (LeadIT) gathers countries and companies that are committed to action to achieve the Paris Agreement.
• LeadIT members subscribe to the notion that energy-intensive industries can and must progress on low-carbon pathways, aiming to achieve net-zero carbon emissions.
• Representatives from Sweden, India, and the World Economic Forum make up LeadIT’s Management Board.
• A Technical and Expert Committee, made up of LeadIT member representatives, advises the Board.
• The Board approves new members and decides on the work plan of the Secretariat.
• The LeadIT Secretariat is responsible for managing the work of the Leadership Group and is hosted by Stockholm Environment Institute (SEI).

READ

https://www.iasgyan.in/daily-current-affairs/global-stocktake

https://www.iasgyan.in/daily-current-affairs/indias-updated-nationally-determined

https://www.iasgyan.in/daily-current-affairs/nationally-determined-contributions

https://www.iasgyan.in/daily-current-affairs/climate-finance

https://www.iasgyan.in/daily-current-affairs/climate-finance

https://www.iasgyan.in/daily-current-affairs/ipcc-ar6-synthesis-report

https://www.iasgyan.in/daily-current-affairs/ipccs-sixth-assessment-report

https://iasgyan.in/blogs/all-about-intergovernmental-panel-on-climate-changeipcc

PRACTICE QUESTION Q. Consider the following statements: 1.The Leadership Group for Industry Transition (LeadIT) was launched by the prime ministers of US and India with support from the World Economic Forum (WEF). 2.The LeadIT Secretariat is hosted by the Stockholm Environment Institute (SEI). 3.LeadIT gathers countries and companies that are committed to action to achieve the Paris Agreement. Which of the above statements is/are incorrect? A) 1 only B) 2 and 3 only C) 3 only D) All Answer: A) 1 only The Leadership Group for Industry Transition (LeadIT) was launched by the prime ministers of Sweden and India with support from the World Economic Forum (WEF).