India and Sweden co-chair the Annual Summit of LeadIT, on the sidelines of UNFCCC COP29 at Baku, Azerbaijan – EQ
In Short : India and Sweden co-chaired the annual LeadIT summit during the UNFCCC COP29 in Baku, Azerbaijan. The summit brought together global leaders to discuss and promote low-carbon technology solutions in industries. LeadIT, a global initiative, focuses on accelerating the transition to net-zero emissions by enhancing collaboration between governments and businesses for sustainable industrial practices.
In Detail : Industrial low-carbon transition not only supports Climate targets, but also creates economic opportunities, jobs, and resilient communities: MoS Shri Kirti Vardhan Singh
Union Minister of State for Environment, Forest and Climate Change, Shri Kirti Vardhan Singh, together with Swedish Minister for Climate and Environment, Ms. Romina Pourmokhtari, co-chaired the Annual Summit of the Leadership Group for Industry Transition (LeadIT), held on the sidelines of COP29 to the UN Climate Change Summit in Baku, Azerbaijan.
The LeadIT Summit brings together the country and company members to discuss low-carbon industrial transition. The objective is to support plans that align heavy industry with the objectives of the Paris Agreement. The summit spotlighted the critical role of transforming sectors such as steel and cement.
Shri Singh underscored India’s commitment to advancing the low-carbon transition in industrial sectors. He emphasized the importance of collaborative public-private partnerships and North-South cooperation in fostering an inclusive, just, and sustainable transition of hard-to-abate industries.
Reflecting on LeadIT’s first five years, the Minister acknowledged the impactful progress made by members. The India-Sweden Industry Transition Partnership launched under LeadIT 2.0 at COP 28 in 2023, a model for international cooperation, was highlighted as a key mechanism for co-developing technologies, sharing knowledge, and driving the transition of industries such as steel and cement.
A tour de table showcased insights from representatives of countries and companies on industrial low-carbon transition strategies and activities. Mr. Selvin Hart, Special Advisor to UN Secretary General called upon the industry to be the advocates of climate commitments and be vocal about the pre-requisites for action at their end.
The Summit concluded with a call to the global community to strengthen its resolve towards a low-carbon industrial future. Shri Singh stressed that industrial low-carbon transition not only supports climate targets but also creates economic opportunities, jobs, and resilient communities. India remains committed to advancing the industry transition agenda through international cooperation and believes that, together, countries can achieve a sustainable and prosperous future.
