Dubai, Dec 10 : Union Minister for Environment Bhupender Yadav on Sunday that there has been a significant shift in the global industrial landscape as industry transition has climbed higher on the international agenda since the launch of LeadIT in 2019.

However, he underlined the real transition challenges of technology transfer and finance are yet to be addressed.

Speaking at a side event on Partnerships for a Just and Equitable Industry Transition at the UN Climate Change Conference (COP28) in Dubai, the minister said that this challenge can be addressed by collaborative international mechanisms that need to ensure that barriers such as intellectual property rights are addressed to facilitate technology transfer from developed to developing countries.