Launch of India-Sweden Partnership at COP28 paves the way for LeadIT 2.0

In a joint statement India and Sweden asserted that tackling emissions-intensive industry challenges requires partnerships between industry frontrunners and countries that have the ambition to align their industrial development with the objectives of the Paris Agreement.

The new partnership between India and Sweden will strengthen cooperation on low-carbon industrial transition and support India’s transition priorities through a coordinated and bespoke offer of bilateral and multilateral technical and financial cooperation.

Clear and tangible results from the partnership are to be delivered by COP30 in 2025.

Per Andersson, LeadIT Head of Secretariat stated: “LeadIT and the secretariat welcome the partnership and look forward to supporting the collaboration to unlock green industrial projects in sectors such as steel and cement. This partnership will be a key part of the future work of LeadIT as our members push the frontiers of the green industry transition forward to achieve net-zero emissions from industry by 2050.”

Notes to editors

1. LeadIT gathers countries and companies that are committed to action to achieve the Paris Agreement. LeadIT members subscribe to the notion that energy-intensive industries can and must progress on low-carbon pathways, aiming to achieve net-zero carbon emissions by 2050.
2. At COP28, LeadIT members will adopt a Mission Statement for LeadIT’s next phase (2024-2026) to reaffirm their dedication to accelerating a just and equitable industry transition in line with the Paris Agreement. “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.
3. See the recording from the Leadership Group for Industry Transition (LeadIT) event at COP28, December 1.
4. Media are invited to attend the LeadIT COP28 side event LeadIT 2.0 – Partnerships for a Just and Equitable Industry TransitionDate: December 10 at 10:55-11:45 UAEVenue: Swedish Pavilion. The event will be live-streamed at Sweden at COP28.

For media inquiries, please contact:

Nina Eneroth, Communication Lead, LeadIT, [email protected], +46 73 628 03 10

The Leadership Group for Industry Transition (LeadIT) was launched by the Prime Ministers of Sweden and India at the UN Climate Action Summit in 2019 and is supported by the World Economic Forum (WEF). LeadIT brings together countries and companies dedicated to achieving net-zero emissions from industry by 2050. The LeadIT Secretariat is hosted by the Stockholm Environment Institute (SEI).