Press release from Ministry of the Environment

Agreement on higher ambitions and increased international collaboration at LeadIT Summit

Published

Sân bóng đá uy tínThe Leadership Group for Industry Transition (LeadIT) – launched by Sweden and India to drive the climate transition in energy-intensive industries – held its Leadership Summit today. LeadIT members agreed on a range of ambitious commitments to contribute to freedom from fossil fuels and net-zero carbon emissions by 2050.

Sân bóng đá uy tínLeadIT was launched by the governments of Sweden and India at the UN Climate Action Summit in New York in 2019. Its members are countries and companies that are working together to drive the low-carbon transition of energy-intensive industries and achieve net-zero carbon emissions of greenhouse gases by 2050.

Sân bóng đá uy tín“Fine words are not enough. Setting a good example is the best way to influence the rest of the world. The Leadership Group shows that it is possible for energy-intensive industries to be fossil-free,” says Minister for Environment and Climate Isabella Lövin.

Sân bóng đá uy tínThe theme of the digital summit was how strengthened demand, investments in the green transition and a greater youth perspective can help to accelerate the transition.

Sân bóng đá uy tínAt the summit, agreement was reached on concrete action by the public and private sectors to promote innovation and technology exchange, the development of roadmaps for the industry transition, and policy and financial solutions to drive the transition. LeadIT also encourages increased international collaboration between key actors to accelerate the climate transition in energy-intensive industries.

Sân bóng đá uy tínIts commitments will be presented at the UN’s event marking the fifth anniversary of the signing of the Paris Agreement and will be followed up in connection with the UN’s climate negotiations, COP26, in Glasgow next year.

At the Summit, Ms Lövin announced that Sweden also intends to contribute SEK 300 million to a new and innovative industry transition programme within the World Bank’s Climate Investment Funds. SEK 100 million per year will be provided between 2020 and 2022.

Press contact

Jakob Lundgren
Press Secretary to the Minister for Environment and Climate, and Deputy Prime Minister Isabella Lövin
Phone (switchboard) +46 8 405 10 00
Mobile +46 72 206 08 92
email to Jakob Lundgren
Anna Söderström
Press Secretary to the Minister for Environment and Climate and Deputy Prime Minister Isabella Lövin
Phone (switchboard) +46 8 405 10 00
Mobile +46 73 587 59 55
email to Anna Söderström

Leadership Group for Industry Transition (LeadIT)

LeadIT was launched by the governments of Sweden and India at the UN Climate Action Summit in New York in 2019. It has been developed in cooperation with the World Economic Forum and gathers both public and private actors. LeadIT members are committed to ensuring that energy-intensive industries progress on low-carbon pathways, aiming to achieve net-zero carbon emissions by 2050.

LeadIT Member Countries: Argentina, Australia, Denmark, Finland, France, Germany, India, Ireland, Luxembourg, Netherlands, Republic of Korea, Sweden, United Kingdom of Great Britain and Northern Ireland.

LeadIT Member Companies: CarbFix, Dalmia Cement, DSM, FLSmidth, Heathrow Airport, Hybrit, LafargeHolcim, LKAB, Mahindra Group, Scania, Royal Schiphol Group, SpiceJet, SSAB, ThyssenKrupp, Vattenfall, and Volvo.