The ministers, who represent countries that are members of the Leadership Group for Industry Transition, call for continued momentum and ambitious action on policy, technology and finance to accelerate the industry transition.
“The disruption caused by the COVID-19 pandemic must not divert attention from reaching the goals of the Paris Agreement and delivering low-carbon emissions from heavy industry. The green recovery can and must be a motor for the industry and energy transitions and for resilient economic growth.”
— Isabella Lövin, Minister for Environment and Climate, and Deputy Prime Minister of Sweden.
“In this statement, we reaffirm our commitment to accelerating the transition of all industry sectors to low carbon pathways in line with the goals of the Paris Agreement, while pursuing efforts to reach net-zero carbon emissions by 2050, and to working in partnership with industry to make this happen.”
— Babul Supriyo, Honourable Minister of State for Environment, Forest and Climate Change, Government of India.
The statement is signed by:
Minister for the Environment, Climate and Sustainable Development, Luxembourg
Honourable Minister of Environment, Forest and Climate Change, Information and Broadcasting, and Heavy Industries and Public Enterprises, India
Minister for Foreign Affairs, Denmark
Minister for Business, Energy and Clean Growth, United Kingdom
Minister of Economic Affairs, Finland
Minister for Environment and Climate, and Deputy Prime Minister, Sweden
Minister for Climate Action, Communication Networks and Transport, Ireland
Federal Minister for the Environment, Nature Conservation and Nuclear Safety, Germany
Minister of Economic Affairs and Climate Policy, the Netherlands
“The UK is a proud member of the LeadIT initiative. In the run-up to COP26, we look forward to working closely with all member countries to build back better, pursue a green recovery and accelerate the decarbonisation of industry.”
— Kwasi Kwarteng, Minister for Business, Energy and Clean Growth, United Kingdom.
The statement calls for partnership and action in three areas: policy, technology, and finance.
On policy, the ministers highlight the importance of using public procurement and standards to create markets for the climate neutral and circular products of the industry transition.
On technology, the statement calls on the UN to strengthen the use of existing structures to facilitate sharing of technology, know-how and infrastructure for the industry transition.
On finance, the signatories call on the private finance sector and multilateral development banks to develop risk sharing business models, and on the parties of UNFCCC to honour the commitment of financial flows to developing countries to ensure required support for the transition.
“The industrial transition will result from innovation and investments, which highlights the role of enabling environment and competitiveness of the industry. Sectoral low carbon road maps are an essential tool to pave the way for industrial transition. Finland’s recently completed road mapping exercise has proven that the industry is ready to take an ever more active role in climate action.”
— Mika Lintilä, Minister of Economic Affairs of Finland.
The Leadership Group for Industry Transition (LeadIT) was launched by the prime ministers of Sweden and India during the UN Secretary General’s Climate Action Summit on 23 September 2019, in New York. LeadIT gathers countries and companies that are committed to reaching net-zero carbon emissions from industry by 2050. It is supported by the World Economic Forum (WEF). The Secretariat is responsible for managing the work of the Leadership Group and is hosted by Stockholm Environment Institute (SEI).