Industrial Deep Decarbonisation Initiative (IDDI)

Why in news?

• India along with United Kingdom launched new workstream to promote industrial energy efficiency under Industrial Deep Decarbonization Initiative (IDDI) co-ordinated by UNIDO.

About IDDI:

• The Clean Energy Ministerial Industrial Deep Decarbonisation Initiative (IDDI) is a global coalition of public and private organisations who are working to stimulate demand for low carbon industrial materials.
• In collaboration with national governments, IDDI works to standardise carbon assessments, establish ambitious public and private sector procurement targets, incentivise investment into low-carbon product development and design industry guidelines.
• Coordinated by United nations Industrial Development organization (UNIDO) , the IDDI is co-led by the UK and India.
• Additional members include Germany and Canada.
• The initiative brings together a strong coalition of related initiatives and organizations including the Mission Possible Platform, the Leadership Group for the Industry Transition, the International Renewable Energy Agency (IRENA) and the World Bank to tackle carbon intensive construction materials such as steel and cement.
• Objectives of the program include Encouraging governments and the private sector to buy low carbon steel and cement, Sourcing and sharing data for common standards and targets etc

Prelims Question

"Industrial Deep Decarbonisation Initiative”, recently in news, is an initiative lead by:
(a)Canada and United States of America
(b)United States of America and United Kingdom
(c)Russia and Turkey
(d)India and United Kingdom

Answer to the Prelims Question