A coalition of six global companies have 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 decarbonisation 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 decarbonisation 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 realise;
- Energy Security: Partner with governments and other stakeholders to advance energy security, decarbonisation 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 decarbonisation and climate change goals.
“The ‘Implementation COP’ is the perfect venue to launch CCITNZ as Egypt is showcasing how countries are putting promises into action and delivering on the commitments made at COP26,” said Roger Martella, GE’s chief sustainability officer. “CCITNZ will play a pivotal role in advancing the technology and innovation needed to reach net zero.”
