India and Sweden hosted the Industry Transition Dialogue in Stockholm, as a part of their joint initiative i.e. Leadership for Industry Transition (LeadIT).

 

What is it?

  • The Leadership Group for Industry Transition (LeadIT)¬†gathers countries and companies that are committed to action to achieve the Paris Agreement.
  • It was launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019 and is supported by the World Economic Forum.
  • The LeadIT initiative lays specific focus on hard to abate sectors that are key stakeholders in the global climate action and require specific interventions.
  • Japan and South Africa, the latest members of the initiative were welcomed. This extends the total membership of LeadIT to 37 including countries and companies together.