LeadIT 2024 Annual Report Summary.

2024 marked another year of growing momentum for industry decarbonization. Countries and companies demonstrated stronger commitments and a greater willingness to collaborate, while relevant financial mechanisms are beginning to emerge. Green iron and steel, as well as green cement technology projects, continue to be announced globally. As our green steel tracker and our green cement technology tracker reveal, countries are deploying a diverse range of technologies. However, the industry transition remains at a stage where urgent action and increased global collaboration are needed.

LeadIT continued in 2024 to be one of the leading platforms advocating for a just and global industry transition agenda for all, driving progress and fostering collaboration among public and private stakeholders, as well as across countries at different stages of economic development.

2024 also marked the first year of the new mandate period announced by the Prime Ministers of India and Sweden at COP28 (LeadIT 2.0). In this phase, LeadIT continues to strengthen its role as a global forum for industry transition and a hub for knowledge production, advancing technical co-development and spearheading Industry Transition Partnerships, including collaborations between Sweden and India.