Bechtel among alliance of companies helping nations meet decarbonization goals
Six global companies are joining forces to launch a business alliance to help countries meet decarbonization and climate change goals.
The alliance, called the Corporate Coalition for Innovation & Technology toward Net Zero (CCITNZ), will be a facilitator, helping businesses around the globe to develop innovative technologies to help achieve these decarbonization goals.
The coalition’s founding members include Bechtel, GE, General Motors, Honeywell, Invenergy, and Johnson Controls.
The objectives of CCITNZ are to promote concrete, practical and cost-effective technology solutions to tackle emissions and decarbonization challenges; promote strong partnerships with stakeholders in the private, public and social sectors to enable solutions; partner with governments and other stakeholders to advance energy security, decarbonization and sustainable development needs; support sound public policies that are consistent with improving environmental effectiveness and foster innovation; and 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,” Stu Jones, Bechtel’s president of regions and corporate relations, said. “We have a successful test case here in Egypt. The collective commitment we bring can be a resource, especially to emerging economies.”
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 – are providing construction, technology, and financing expertise to support the decarbonization of select downstream facilities in Egypt, aligning plans with the country’s leadership of COP27.
“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,” Roger Martella, GE’s chief sustainability officer, said. “CCITNZ will play a pivotal role in advancing the technology and innovation needed to reach net zero.”
