⇒ On the sidelines of COP 26 in Glasgow, the Lead-IT (Leadership Group for Industry transition) Summit 2021 was held in hybrid mode presided by India and Sweden.
LeadIT is a voluntary initiative for promoting low-carbon transition especially in the hard-to-abate sectors like Iron & Steel, Aluminium, Cement and Concrete, petrochemicals, fertilisers, bricks, heavy-duty transport, etc through active participation of private sector companies.
The meeting was co-chaired by Hon’ble Deputy Prime Minister and Minister of Environment of Sweden, Mr. Per Bolund.
Shri Bhupender Yadav, Union Minister for Environment, Forest and Climate Change highlighted that industry sectors together contribute about 30% of the total CO2 emissions. Thus, efforts to drive low carbon development pathways in industry sector are critical for achieving the goals of the Paris Agreement.
Shri Yadav further stressed that although new countries like USA, Austria and Ethiopia, and companies including Skanska, Heidelberg Cement and Salzgitter have joined the initiative, it is necessary that more companies from the heavy industries should join the global initiative.
Legal Summit Statement:
The event saw the adoption of the legal Summit Statement of LeadIT Summit 2021 by the Ministers of India and Sweden.