Q. With reference to Leadership Group for Industry Transition (LeadIT) initiative consider the following statements:
1.It gathers countries and companies that are committed to action to achieve the Paris Agreement.
2.It is supported by World Bank.
Select the correct statements using the codes given below:
Statement 1: LeadIT initiative gathers countries and companies that are committed to action to achieve the Paris Agreement. It focuses on low carbon transition of the hard to abate industrial sector.
Statement 2: The statement is incorrect. LeadIT initiative is being supported by World Economic Forum.