Leadership Group for Industry Transition (LeadIT):

GS Paper 2:

Syllabus: Important International institutions, agencies and fora, their structure, mandate.

Context:

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

About LeadIT:

• 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.
• Purpose: LeadIT members subscribe to the notion that energy-intensive industry can and must progress on low-carbon pathways, aiming to achieve net-zero carbon emissions by 2050.
• The Management Board is made up of representatives from Sweden, India, and the World Economic Forum.
• The Secretariat is responsible for managing the work of the Leadership Group and is hosted by Stockholm Environment Institute (SEI).

Members:

Currently, the Group has a membership of 16 countries and 19 companies including Dalmia Cement, Mahindra Group and SpiceJet from India.

What is the significance of the LeadIT Initiative?

Industry sectors together contribute about 30% of the total CO2 emissions. Hence, initiatives like LeadIT to drive low carbon development pathways in the industry sector are critical for achieving the goals of the Paris Agreement.

InstaLinks:

Prelims Link:

1. About LeadIT.
2. About WEF.
3. Goals of Paris Agreement.

Mains Link:

Discuss the significance of Paris Agreement.

Q.2) Consider the following statements:

1. 1. As part of the Paris Agreement, India pledged a 33%–35% reduction in the “emissions intensity” of its economy by 2030, compared to 2005 levels.
   2. Paris Agreement was adopted and came into effect in 2017.

Which of the above statements is/are correct?

1. 1. 1 only.
   2. 2 only.
   3. Both.
   4. None.

Sources: the Hindu.