To stop financing coal projects, UK wants global deal
May 14, 2021, 10:56 am

To stop financing coal projects, UK wants global deal

People jog down almost empty Regent Street in New Year's Day amid the coronavirus outbreak, in London, Britain, on January 1, 2021. (Reuters)

LONDON (Reuters)

A senior government minister said on May 14 that Britain wants to broker a global deal to stop the financing of coal projects when it hosts a major climate conference in November.

Alok Sharma, the minister in charge of preparations for the United Nations COP26 summit in Glasgow, said significant action was needed to limit global warming to 1.5 degrees Celsius above pre-industrial levels, a threshold scientists say can prevent the worst impacts of climate change.

Sharma said that “If we are serious about 1.5 degrees, Glasgow must be the COP that consigns coal to history."

“We are working directly with governments, and through international organisations, to end international coal financing. This is a personal priority,” he added.

But environmental campaigners say British financial institutions have a pivotal role in funding coal mines and coal-fired power stations elsewhere in the world.

British Prime Minister Boris Johnson has committed to lower the country’s greenhouse gas emissions to 78% of their level in 1990 by 2035, and to cut net emissions to zero by 2050.

Reuters

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”