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UK PM to return to COP26 climate summit for 'transport day'

The Standard reported that UK Prime Minister Boris Johnson is to return to the COP26 climate summit in Glasgow on Wednesday for “transport day” after a draft copy of an overall agreement was published.
The Prime Minister urged countries to “pull out all the stops” ahead of returning to the summit, where negotiators are set to scrutinise the first draft of a “cover decision” – a negotiated outcome to the talks that aims to boost climate action.
The Prime Minister had initially been expected to return to the summit at the weekend.
It comes as several transport aims have been drawn up, including that new heavy goods vehicles sold in the UK will need to be zero emissions by 2040.

Thirty countries have also agreed to work together to make zero emissions vehicles the new normal, and plans for “green shipping corridors” will be unveiled – facilitating a shift to zero emissions vessels.
Read more: UN climate agency publishes first draft of final COP26 summit deal
And 14 states, collectively making up for more than 40 per cent of global aviation emissions, have put their names to a commitment to a new decarbonisation target.
Ahead of the announcements, Transport Secretary Grant Shapps said travel, including aviation, should be “guilt free” and added the Government did not see flying as “the ultimate evil”.
It comes amid criticisms of people attending COP26, including the Prime Minister, using planes for short journeys.
Mr Shapps told The Telegraph: “I believe, as Transport Secretary, that we can get to guilt-free travel in this country. There’s been an idea that’s been allowed to percolate that somehow if we’re going to meet all these different carbon commitments we are going to need to get to the point where we all stay home, that travel is somehow something which attracts great guilt.
“It gets worse the further you travel, so flying is, of course, the ultimate evil, as it’s presented, and that’s just not what we believe as the British Government.”
He added any changes to the way we live our lives “should not be the inability to go and visit you friends and family and do business”.
It comes as negotiators are also trying to hammer out agreement on technical parts of the global climate treaty, the Paris Agreement, including common timeframes for national commitments on emissions reductions and agreed ways for countries to report on their progress, to help turn pledges into action.
Read more: Australia ‘most wanted man’ arrested after he was hiding in shipping container
There are also negotiations on providing finance for developing countries to cope with climate change and address the issue of loss and damage to people, livelihoods, land and infrastructure caused by global warming in poorer nations.
Mr Johnson said: “Negotiating teams are doing the hard yards in these final days of COP26 to turn promises into action on climate change.
“There’s still much to do. Today I’ll be meeting with ministers and negotiators to hear about where progress has been made and where the gaps must be bridged.
“This is bigger than any one country and it is time for nations to put aside differences and come together for our planet and our people.
“We need to pull out all the stops if we’re going to keep 1.5C within our grasp.”
The Prime Minister will be joined by the UN Secretary General Antonio Guterres in Glasgow, where he will meet with heads of delegations and other groups.
Source: standard
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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