COP30 LeadIT industry leaders’ roundtable – From ambition to investments: scaling industry transition this decade

Context and purpose

As the world approaches the tenth anniversary of the Paris Agreement and 2030 milestones draw closer, the pace and scale of industrial transition will determine whether global climate and economic goals remain within reach. The Leadership Group for Industry Transition (LeadIT), co-chaired by India and Sweden, brings together governments, industries and international partners committed to accelerating the shift to low-carbon, competitive industrial value chains.

 At COP30 in Belém, the LeadIT co-chairs will convene a high-level roundtable of governments, industry and international initiatives to take stock of progress and chart the next phase of global industrial cooperation. This roundtable is timely as three LeadIT members have announced their interests to host consecutive COP presidencies, which will each play a pivotal role setting the direction of industry transition on the international agenda for the remainder of the decade.

Objectives

• Set the tone for future priorities for a just and equitable industry transition, which can shift pilot projects and policy commitments towards large-scale market deployment.
• Identify partnerships that can anchor industry transition in competitiveness and resilience – e.g. country platforms, cross-regional ventures and supply chains, green metals and minerals trade corridors, etc.
• Develop recommendations for the COP30 Action Agenda ensuring industrial decarbonisation remains central to the successive COP agendas.

Outputs

A summary note will be circulated to COP30 Activation Group 2 “Accelerating zero and low emission technologies in hard-to-abate sectors” (Axis 1 of the Action Agenda)