Why in the news?

  • The Union Minister for Environment, Forest and Climate Change participated in and addressed the Leadership Group for Industry Transition (LeadIT) Industry Leaders’ Roundtable held during the UNFCCC COP-30 negotiations at Belém, Brazil.

LeadIT

  • What is it?: LeadIT (Leadership Group for Industry Transition) is a global initiative launched in 2019 by India and Sweden, in collaboration with the World Economic Forum (WEF).
  • Purpose: To accelerate the decarbonisation of hard-to-abate industries and support countries in building net-zero industrial systems.
  • Objectives:
    • Enable low-carbon transitions in energy-intensive sectors such as Steel, Cement, Chemicals, Pulp and paper and Heavy manufacturing.
    • Facilitate peer-to-peer learning, knowledge exchange, and adoption of clean industrial technologies.
    • Mobilise climate finance and partnerships for industrial decarbonisation.
    • Promote inclusive, just, and equitable transition, especially for developing nations.
  • Key Features:
    • Membership includes both countries and industry partners.
    • Supports countries in preparing low-carbon industry transition strategies and climate-tech transition frameworks.
    • Activities include:
      • Industry transition roadmaps
      • Policy toolkits
      • Case studies on clean technology adoption
      • Sector-specific decarbonisation pathways
      • LeadIT Summit (annual high-level meet during UNFCCC COP)
  • India’s Role:
    • Co-founder and key decision-maker in LeadIT.
    • Uses the platform to highlight:
      • Equity and climate justice
      • Need for affordable finance
      • Technology access for developing countries
    • Showcases India’s national initiatives such as
      • National Green Hydrogen Mission
      • Perform, Achieve and Trade (PAT)
      • Energy Efficiency Programs
      • Circular Economy Initiatives
      • Resource Efficiency Framework
  • Updates from COP30:
    • India addressed the LeadIT Industry Leaders’ Roundtable at COP-30.
    • Emphasised the need for predictable finance, technology transfer, and inclusive transition pathways.
    • Called for global support for decarbonising industries without compromising development needs of emerging economies.