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Leadership Group For Industry Transition (LeadIT) 2.0

Leadership Group For Industry Transition (LeadIT) 2.0:

India and Sweden launched Leadership Group for Industry Transition (LeadIT) 2.0 during the COP28 World Climate Action Summit, hosted in Dubai.

  • The LeadIT initiative, initially centered around pivotal sectors such as iron, steel, cement, and aluminum, focused on industry transition and knowledge sharing.
  • LeadIT has played a pivotal role in accelerating the adoption of low-carbon technologies, aligning with global environmental goals.

Three core areas of LeadIT 2.0:

  • Inclusive and Just Industry Transition: Ensuring that industry transitions are not only efficient but also equitable, promoting fairness and inclusivity in the process.
  • Low Carbon Technology Development and Transfer: Placing renewed emphasis on the development and seamless transfer of low-carbon technologies, crucial for achieving sustainable practices across industries.
  • Emerging Economy Technology Transfer: Facilitating the expedited transfer of innovative solutions to emerging economies, assisting in their transition to more sustainable practices.
  • It serves as a platform for public-private collaboration, fostering sector-specific and cross-sectoral learning, especially concerning innovation opportunities and new technologies.