Six businesses launch Corporate Coalition for Innovation & Technology toward Net Zero
08 November 2022
Sharm El Sheikh, Egypt
- Corporate Coalition for Innovation & Technology toward Net Zero (CCITNZ) to partner with governments, international organizations and others in industry to help countries meet decarbonization and climate change goals.
- Founding members include Bechtel, GE, GM, Honeywell, Invenergy and Johnson Controls.
A coalition of six global companies today announced the public launch of the Corporate Coalition for Innovation & Technology toward Net Zero (CCITNZ), a cross-sector business alliance dedicated to helping countries meet decarbonization and climate change goals through innovation and technology. CCITNZ has been working behind the scenes since its creation in late 2021.
CCITNZ intends to serve as an accelerator for industries across sectors and geographies to innovate and develop breakthrough technologies to help achieve these goals. Founding members include Bechtel, GE, GM, Honeywell, Invenergy and Johnson Controls.
The objectives of CCITNZ include:
- Innovation and Technology: Promote concrete, practical and cost-effective technology solutions to tackle emissions and decarbonization challenges;
- Partnership: Promote strong partnerships with stakeholders in the private, public and social sectors across international venues and forums to enable solutions beyond what any one stakeholder can realize;
- Energy Security: Partner with governments and other stakeholders to advance energy security, decarbonization and sustainable development needs;
- Policy: Support sound public policies that are consistent with improving environmental effectiveness and foster innovation; and
- Resource: Provide expertise and thought leadership to governments and other stakeholders on technology and innovation as they seek to achieve their decarbonization and climate change goals.
“CCITNZ provides a forum and network to help to develop solutions that help governments and other customers to reduce emissions and achieve their climate goals,” said Stu Jones, Bechtel’s president of regions and corporate relations. “We have a successful test case here in Egypt. The collective commitment we bring can be a resource, especially to emerging economies.”