Significant new developments which were reported during the week 21 - 27 November 2023.

1. Global Deforestation Increase: The 4% increase in deforestation in 2022, with a significant loss of primary tropical forests, represents a major setback in the fight against climate change. This indicates the world is significantly off track to eliminate deforestation by 2030, impacting carbon absorption capacities of forests.
2. Emirates' A380 Demonstration Flight Using 100% SAF: Emirates operating the world’s first A380 flight with one engine powered by 100% Sustainable Aviation Fuel (SAF) demonstrates a significant step towards reducing aviation emissions, with SAF potentially reducing carbon emissions by up to 85%.
3. Maersk's Green Methanol Offtake Agreement with Goldwind: This agreement, the first large-scale green methanol offtake in the global shipping industry, marks a significant advancement in de-risking low-emission operations in shipping, a major contributor to global emissions.
4. Siemens Energy’s Mass Production of Electrolyzers: The move to mass-produce electrolyzers for hydrogen production is crucial for scaling up the hydrogen economy and making hydrogen a viable, cost-effective alternative for a climate-neutral future.
5. Japan's Green Hydrogen Project with Asahi Kasei, Gentari Hydrogen, and JGC: The completion of a feasibility study and MOU for a project to produce green hydrogen using a large-scale electrolyser system marks a significant advancement in green hydrogen production, essential for decarbonizing various sectors.
6. Braya Renewable Fuels' Refinery Conversion and Funding: Braya Renewable Fuels' transactions for converting refinery operations to produce low-carbon intensity renewable fuels, supported by a substantial loan and a supply and offtake agreement, underscore significant progress in the renewable diesel sector.
7. Shell and RTHA's Agreement for SAF Blending: Shell and Rotterdam The Hague Airport's agreement to blend a higher percentage of sustainable aviation fuel than mandated by the EU demonstrates leadership in reducing aviation emissions.
8. Neste, Mitsui Chemicals, and Prime Polymer’s Sustainable Food Packaging: Their collaboration to replace fossil-based materials with bio-based ones in food packaging for a major Japanese brand represents a meaningful shift towards more sustainable consumer products.
9. LanzaJet, BA, and NPT's Project Speedbird Funding: This joint partnership’s new funding for developing advanced fuels underlines the growing commitment to and progress in sustainable aviation fuel development.
10. International Finance Corporation's Investment in Kenya's Agribusiness: The IFC's $210 million investment in an agribusiness project in Kenya highlights the role of sustainable agriculture in mitigating climate change and promoting low-carbon economies, especially in developing countries.

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