Q. With reference to Leadership Group for Industry Transition (LeadIT) initiative, consider the following statements:
1. It gathers countries and companies that are committed to action to achieve the Paris Agreement.
2. It was launched by India and Sweden with the support from World Economic Forum.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Both statements are correct. 

  • Launched by: Government of Sweden and India at the UN Climate Action Summit in 2019 with the support from World Economic Forum. 
  • Aim: The group gathers countries and companies that are committed to achieve the targets of the Paris Agreement by reaching net-zero carbon emissions from industry by 2050. 

Source: Article 

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