Q. Consider the following statements about Leadership Group for Industry Transition (LeadIT):
1. It was launched by the Prime Ministers of Sweden and India with support from the World Economic Forum (WEF).
2. It is a voluntary initiative for promoting low-carbon transition through the active participation of private sector companies.
Which of the statements given above is/are not correct?
About the Leadership Group for Industry Transition (LeadIT):
Launched by: LeadIT was launched by the Prime Ministers of Sweden and India with support from the World Economic Forum (WEF) during the UN Secretary-General’s Climate Action Summit in 2019, in New York.
Purpose: It is a voluntary initiative for promoting low-carbon transition through the active participation of private sector companies. Especially in the sectors like Iron & Steel, Aluminium, Cement and Concrete, petrochemicals, fertilizers, bricks, and heavy-duty transport.
Members: Currently, the Group has a membership of 16 countries and 19 companies including Dalmia Cement, Mahindra Group, and SpiceJet from India.
Secretariat: It is hosted by Stockholm Environment Institute (SEI), Sweden.
Source: Summits and Conferences
