A coalition of six global companies have announced the public launch of the Corporate Coalition for Innovation & Technology to Net Zero (CCITNZ),
CCITNZ is a cross-sector business alliance dedicated to helping countries meet decarbonization and climate change goals through 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.
The founding members are 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 sector 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
- 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.
These CCITNZ members are already working together to help governments advance their decarbonization journeys. For example:
- A coalition of energy transition leaders – Baker Hughes, Bechtel, Enppi, GE Digital, HSBC, the National Bank of Egypt and Petrojet – is providing construction, technology and financing expertise to support decarbonization of select downstream facilities in Egypt, aligning plans with the country’s leadership of COP27.
- GE is partnering with the Egyptian Electricity Holding Company to explore the application of carbon capture and storage, hydrogen blended fuels, upgrade solutions and the conversion of simple cycle power plants to combined cycle.
- Honeywell has a 60-year legacy in Egypt, supporting both public and private sector development by helping position the country at the leading edge of innovation and technology in key areas from energy to smart city development. Honeywell UOP is working with ENPPI to develop carbon reduction opportunities at a number of Egypt’s refineries.
- Invenergy recently began commercial operations of a $1-billion liquefied natural gas (LNG) and electric infrastructure project in El Salvador. This project shifts a significant amount of the country’s power supply to natural gas, providing up to 30 per cent of El Salvador’s power needs with clean, reliable electricity and offsetting 600,000 tons of carbon dioxide emissions per year.
- Johnson Controls, a global leader for smart, healthy and sustainable buildings, has helped save customers more than 35 million metric tons of CO2e and $7.2 billion through guaranteed energy and operational savings, since 2000.
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