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Last thing we need is a 'cosy consensus' on climate crisis, warns Ed Miliband

Labour’s leader on climate says Boris Johnson must face up to ‘terrifying’ challenge of stopping global warming
The UK must tell the truth about the “terrifying and exacting” scale of the challenge the world faces to avoid climate breakdown as it prepares to host a make or break summit of world leaders later this year, Ed Miliband has warned.
“A cosy consensus” between politicians, policymakers and some NGOs, focusing on long-term net zero targets rather than short-term action, could prove disastrous, he said. Instead, Boris Johnson’s government must focus on persuading countries to implement immediate far-reaching reductions in emissions and throw everything at making the conference in Glasgow in November a success, including enlisting the help of former prime ministers like Theresa May and Gordon Brown.
“We need truth-telling from the government,” Miliband, a former Labour leader who is now heading the party’s climate team, told the Guardian in an interview last week. “It is not just about net zero targets for the middle of this century, it is not just about coalition for action in various areas … and it is certainly not about Boris Johnson having a moment to have a good photo-opportunity. This is incredibly serious and incredibly hard and we have to be honest.”
Miliband is one of the most experienced climate advocates in frontline politics and was the country’s first climate change secretary of state in 2008 when the UK introduced the world’s first climate change bill. At the 2009 Copenhagen climate summit, he famously intervened at a key moment in a way that some argue, preserved the summit from complete failure. In 2010, the following year, he became the youngest ever leader of the Labour party, before being defeated in a general election by David Cameron who offered the electorate the choice between chaos with Miliband, or “stability and strong government with me”.
The summit this year is seen as a last chance to keep to the goals of the Paris agreement and also to limit temperature rises to well below 2C above pre-industrial levels, with an aspiration to stay below 1.5C within reach. It will be the UK’s most important moment on the world stage for generations, he said, warning that the latest emission figures from the UN, which make clear the world is on course for a catastrophic 3C of warming, were being ignored by too many politicians. “It is like these numbers are the embarrassing uncle we want to pretend does not exist – so let’s talk about everything else, let’s talk about 2050, let’s talk about 2060 … but we don’t have the luxury of time … The pressure, the action has got to be now.”
The UK government has been widely criticised over plans for a new coalmine and this weekend it scrapped its flagship green homes grant scheme, the centrepiece of Johnson’s promise to “build back greener”.
Miliband said: “We have a special responsibility as hosts and we are not living up to these responsibilities. I feel like it might be a key priority for the prime minister in a rhetorical sense to show he’s ‘green’. But that is not the point of this conference.”
For the remaining eight months Miliband said the focus should be on four things; telling the truth about the scale of the challenge and the need for more immediate emissions reductions; promoting a global green recovery from the Covid-19 pandemic and highlighting how it makes economic, social and environmental sense; securing hundreds of billions of pounds of support for developing nations; and a renewed diplomatic effort led by Johnson but also using other former political heavyweights and prime ministers from Gordon Brown to Theresa May.
In the Guardian last week, Alok Sharma, president of the UN Cop26 climate summit, said the focus of the summit would be to put the world on a path to reaching net zero by 2050 and urged countries to set new, tougher 2030 emissions targets. But Miliband said that, though he welcomed the mention of more immediate action, the message didn’t have “the weight, amplification and priority” it urgently needs.
“I don’t want to pretend this is easy. The numbers on the gigatonnes
“This summit has got to keep 1.5C alive … We need strong, decisive leadership and political heft to make CoP26 a success, and to tackle the climate emergency with the urgency and ambition required, and that starts at the top with Boris Johnson.”
Labour has faced criticism from some of its activists and younger party members who say the radical jobs first climate agenda set out under Jeremy Corbyn is largely missing from Keir Starmer’s leadership.
Last year Labour published plans for a green recovery and called for the creation of a “zero-carbon army of young people” planting trees, insulating buildings and working on green technologies. But critics say, overall, the party leadership has failed to champion a far-reaching green new deal in response to the pandemic.
However, Miliband attempted to reassure supporters – particularly the vast number of young people who voted Labour at the last two general elections – that a radical climate justice agenda remained the “beating heart” of the party.
“We are not resiling from the ambition of our 2019 manifesto. We are not resiling from the green new deal, which only becomes more important in the light of the Covid pandemic.”
Last week Miliband unveiled Labour’s plans for an “electric car revolution” in the UK, with plans to create jobs by part-financing three new battery factories, interest-free loans to make electric cars more affordable and a revamped network of charging points, although he said he did not yet own an electric car himself.
Milliband defended the Cop summits against claims they are just a talking shop. “It is a forcing mechanism … to force countries to face up collectively – with all the inadequacies we have – to the scale of the task we collectively face.”
And he said despite the daunting scale of the task he was not “fundamentally gloomy”, pointing to growing political will around the globe, particularly in the US, where he said the Biden administration, which this weekend invited 40 world leaders to a virtual summit on the climate crisis, now saw keeping temperature rises to 1.5C as a “central aim”.
“The momentum for change is now unstoppable. The question is the pace of change.”
He insisted that if the crisis is treated as a genuine emergency and urgent action follows, there was still the opportunity to create a more equal, more sustainable and better world for future generations.
“That is still available but we have got to get on with it and treat it like the emergency it is.”
source: Matthew Taylor
Levant
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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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