A new initiative was launched on 23rd September at the UN Climate Action Summit to help guide the world’s heaviest greenhouse gas emitting industries toward the low-carbon economy.
India and Sweden together with Argentina, Finland, France,
Germany, Ireland, Luxembourg, the Netherlands, South Korea and the UK, as well
as a group of companies including Dalmia Cement, DSM, Heathrow Airport, LKAB,
Mahindra Group, Royal Schiphol Group, Scania, SpiceJet, SSAB, ThyssenKrupp and
Vattenfall, announced a new Leadership Group for Industry Transition that will
drive transformation in hard-to-decarbonize and energy-intensive sectors.
This global initiative will be supported by the World
Economic Forum, the Energy Transitions Commission, Mission Innovation,
Stockholm Environment Institute, and the European Climate Foundation among many
others in an ambitious, public-private effort, to ensure heavy industries and
mobility companies can find a workable pathway to deliver on the Paris
In his statement Prime Minister Shri Narendra Modi said that
“each one of us has to discharge climate responsibilities based on our
situations and capacities. I hope that work under the industry transition track
will facilitate early diffusion of technology and support to developing
countries in this journey”.
Addressing a press conference, Union Environment Minister,
Shri Prakash Javadekar said that the last two days have seen major takeaways
including the decision that heavy industries who are doing their bit on their
own, without any external help, have decided to have a low carbon path.
In welcoming this new public-private partnership, Professor
Klaus Schwab, Founder and Executive Chairman of the World Economic Forum said:
“There is a huge level of support and enthusiasm in the private sector to
engage with governments and peers to reduce emissions across their operations
and value chains.
Industry sector emissions, including those from
hard-to-abate and energy-intensive sectors like steel, cement, aluminum,
aviation and shipping are expected to be responsible for 15.7Gt by 2050. The
international collaboration between countries and industry groups is critical
to establish workable policy frameworks and incentives, and to enable joint
investment into low carbon infrastructure.
About The Climate Action Summit
The United Nations Secretary-General António Guterres hosted
the Climate Action Summit in New York ahead of the UN General Assembly. The
Secretary-General called on all leaders – governments, the private sector,
civil society, local authorities and other international organizations – to
come with concrete, realistic plans that will boost ambition and rapidly
accelerate action to implement the Paris Agreement.
Having the key focus on raising ambition and accelerate
action to implement the Paris Agreement, the Climate Action Summit focuses on
nine interdependent tracks, which are led by 19 countries in total and are supported
by international organizations.
It is noteworthy to point that India along with Sweden,
supported by World Economic Forum is leading the ‘Industry Transition’ track