Correct Answer : India and Sweden
India and Sweden hosted the LeadIT Summit, today(15th Nov 2022), on the sidelines of COP27 at Sharm El Sheikh in Egypt.
* The Leadership for Industry Transition- LeadIT initiative focuses on low carbon transition of the hard to abate industrial sector. In his opening address, Minister of Environment, Forest and Climate Change "Bhupender Yadav" emphasised that co-development is the only option to meet the targets that the world has taken for itself and without it, low carbon transition could be delayed by decades.
* He said, the low carbon transition of the industrial sector will not only contribute towards the reduction in required greenhouse gas emissions.
* The Minister said, it has several co-benefits that include increasing resilience to changes in climate, enhanced energy security, innovation, socio-economic development and job creation.
* He also highlighted that the current phase of LeadIT is set to conclude in 2023 and the next year is the time to reflect on the performance and achievements so far.
* The summit concluded with the adoption of the summit statement by the members of LeadIT which re-emphasized the commitment to continue pursuing the low-carbon transition of the industry. The members also committed to providing technical assistance to new members and emerging economies.
* The summit was followed by the public launch of the LeadIT Summit Statement 2022 in the India Pavilion at COP27.
* Minister for Climate and the Environment of Sweden, Romina Pourmokhtari and the Minister for International Cooperation, Egypt, Raina Al-Mashat also participated in the event..
Source : AIR
