WELCOMED BY CO-CHAIRS SWEDEN AND INDIA!
New Delhi, April 24, 2021: The United States and President Joe Biden have joined the Global Leadership Group for Industry Transition (LeadIT), which was launched by Swedish and Indian Prime Ministers Mr Stefan Löfven and Mr Narendra Modi, at the UNSG Climate Action Summit in New York in 2019. LeadIT is aimed at driving climate change in heavy and energy-intensive industries.
The announcement was made by President Joe Biden at the Climate Summit 2021 on Friday.
“It is very gratifying that the United States and President Biden have joined the Swedish-Indian initiative LeadIT. Heavy industry and the transport sector account for about 30 percent of global emissions. A restructuring of these sectors is a necessary part of the fight against climate change. I look forward to working with the United States and others to achieve the goals of the Paris Agreement, by pushing for the heavy industry to achieve fossil-free and net-zero emissions by 2050,” says Swedish Prime Minister Stefan Löfven.
The White House, in a tweet, stated: The United States is joining Sweden and India in LeadIT, an effort to promote low carbon pathways on the road to net-zero emissions for industry. Working together we can build momentum for industry transition to address the climate crisis.
Indian Prime Minister Narendra Modi’s office tweeted: Welcome @POTUS
joining the Leadership Group for Industry Transition, LeadIT! This Indian-Swedish climate initiative takes the lead in heavy industry transition. It will help us meet Paris Agreement goals, strengthen competitiveness & create new sustainable jobs.
India and Sweden have a long tradition of cooperating on environmental issues. At their recent Virtual Summit on March 5, PM Löfven and PM Modi agreed to continue their outreach to expand the membership of the Leadership Group on Industry Transition; also invited the group to develop a strategy for creating low carbon steel, cement, and concrete industries.
Speaking at the announcement, Ambassador Klas Molin said, “This is a major step for LeadIT, the initiative launched by the Swedish and Indian PMs at the UN Climate Action Summit in New York in 2019. The PMs also confirmed their commitment to the initiative at their recent Virtual Summit. Now that the USA is joining, we hope that more countries and companies also join the transition of heavy industries towards a fossil-free and carbon-neutral future.”
The leadership group has been developed in collaboration with the World Economic Forum and brings together over 30 countries and industrial companies that work together to achieve fossil-free and net-zero emissions by 2050, in line with the goals of the Paris Agreement. Stockholm Environment Institute (SEI) hosts the Leadership Group’s secretariat. The work plan for 2021 includes concrete initiatives from the public and private sectors to promote innovation and technology exchange, develop roadmaps for industrial change and policy measures to drive the change work. The group’s work and results are followed up and new ambitious goals are set for the continued work at LeadIT Summits, the group’s annual high-level meetings.
For Sweden, the Leadership Group is, among other things, an important global platform for disseminating the successful working methods developed through the Fossil-Free Sweden concept. Several of the companies that are part of Fossil-Fee Sweden have also joined the Leadership Group.