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Prime Minister Stefan Löfven welcomes US decision to join global Leadership Group for Industry Transition

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The United States and President Joe Biden have joined the global Leadership Group for Industry Transition (LeadIT). The Group, launched in 2019 by Sweden’s Prime Minister Stefan Löfven and India’s Prime Minister Narendra Modi, gathers countries and companies to drive the low-carbon transition of energy-intensive industries.

- 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 around 30 per cent of global emissions. Their transition is essential in the fight against climate change. I look forward to working with the US and others to realise the goals of the Paris Agreement by pushing for action to achieve fossil-free heavy industry and net-zero emissions by 2050, says Prime Minister Löfven.

LeadIT has been developed in cooperation with the World Economic Forum and gathers more than 30 countries and companies collaborating to achieve a fossil-fuel-free future and net-zero carbon emissions by 2050, in line with the goals of the Paris Agreement. The LeadIT Secretariat is hosted by the Stockholm Environment Institute (SEI). In the 2021 workplan, agreement was reached on concrete public and private action to promote innovation and technology exchange, the development of roadmaps for industry transition, and policy solutions to drive the transition. At the annual LeadIT Summits, LeadIT’s actions and results are followed up and new ambitious goals for future action are set. LeadIT also encourages increased international collaboration between key actors to accelerate the global climate transition of energy-intensive industries.

For Sweden, LeadIT is an important global platform for spreading the successful concept and working method developed through Fossil Free Sweden. Many of the companies involved in Fossil Free Sweden have also joined LeadIT.

Fact

- LeadIT member countries: Argentina, Australia, Austria, Denmark, Finland, France, Germany, India, Ireland, Luxembourg, Netherlands, South Korea, Sweden, United Kingdom, United States.

- LeadIT member companies (from industries including cement, steel, mining and minerals, chemicals, energy, building materials, automotive, aviation and carbon capture and storage): CarbFix, Dalmia Cement, DSM, FLSmidth, Heathrow Airport, Hybrit, LafargeHolcim, LKAB, Mahindra Group, Scania, Royal Schiphol Group, SpiceJet, SSAB, ThyssenKrupp, Vattenfall, Volvo.