Agreement on higher ambitions and increased international collaboration at LeadIT Summit
04 Dec 2020
On 1 December, Minister for Environment and Climate Isabella Lövin hosted the second high-level meeting of the global Leadership Group for Industry Transition (LeadIT). LeadIT members agreed on a range of ambitious commitments to contribute to freedom from fossil fuels and net-zero carbon emissions by 2050. At the Summit, Ms Lövin announced that Sweden intends contribute a total of SEK 300 million to a new industry transition programme within the World Bank’s Climate Investment Funds (CIF).