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What is the News?
The Minister for Environment, Forest and Climate Change has urged Indian companies to join the Leadership Group for Industry Transition (LeadIT) Initiative.
About Leadership Group for Industry Transition (LeadIT)
Launched by: Government of Sweden and India at the UN Climate Action Summit in 2019 with the support from World Economic Forum.
Aim: The group gathers countries and companies that are committed to achieve the targets of the Paris Agreement by reaching net-zero carbon emissions from industry by 2050.
What does the LeadIT Group do?
The group provides an arena for public-private collaboration for sectoral and cross-sectoral learning when it comes to innovation opportunities and new technologies.
It also enables collaboration between political and industry decision-makers by convening high-level dialogues to catalyze leadership.
Moreover, it also supports governments and industries to co-produce stakeholder-led pathways to low carbon industry transformation.
Members: Currently, the Group has a membership of 16 countries and 19 companies, including Dalmia Cement, Mahindra Group and SpiceJet from India.
Secretariat: The LeadIT Secretariat is responsible for managing the work of the Leadership Group and is hosted by Stockholm Environment Institute (SEI).
Source: This post is based on the article “Centre urges Indian companies to join “Leadership Group for Industry Transition”” published in PIB on 14th September 2021.