Sweden hosted high-level meeting on industry transition
The 2019 UN Climate Change Conference (COP25) is currently taking place in Madrid. Last night, Sweden and India hosted the first high-level meeting of the global Leadership Group for Industry Transition, a joint Sweden-India initiative launched earlier this year. The group comprises countries and companies that will work together to accelerate the heavy industry and transport transition. At the meeting, Australia announced that it would be joining the group.
The meeting was chaired by Minister for Environment and Climate Isabella Lövin and India’s Minister of Environment, Forests and Climate Change Prakash Javadekar. The meeting was the first opportunity for ministers, companies and other participants to discuss challenges and opportunities presented by the industry transition, and the way forward in this endeavour.
“The heavy industry transition presents both major challenges and major opportunities. But the transition is much more difficult to achieve alone than through private and public partnerships. This is a platform where we can showcase best practice and exchange experience, not least regarding the huge benefits that the transition means for businesses,” says Ms Lövin.
During the meeting, participants offered their views and perspectives on the proposed programme of work, which focuses in particular on activities for 2020. The aim is to present the results of these activities at the climate conference in Glasgow next year.
“The time to act is now. Climate change won’t wait. It would be a great success to be able to present tangible results as early as at COP26 in Glasgow, to show how sectors that represent thirty per cent of global emissions are prepared to make the transition,” says Ms Lövin.
The countries and companies in the group are required to commit to measures to achieve the goals of the Paris Agreement and agree that all heavy industry sectors should take measures to reduce their emissions and strive to achieve net-zero emissions by 2050. They also commit to international collaboration and public-private partnerships to accelerate industry transition.
In addition to Sweden and India, the group comprises Argentina, Australia, Finland, France, Germany, Ireland, Luxembourg, the Netherlands, South Korea and the United Kingdom. The companies that have joined the group are: Dalmia Cement, DSM, Heathrow Airport, LKAB, Mahindra Group, Royal Schiphol Group, Scania, SpiceJet, SSAB, Thyssenkrupp and Vattenfall.