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China warns U.S. political tension could affect fight against climate change

China's State Councillor and Foreign Minister told U.S. climate envoy John Kerry via video link on Wednesday that the two sides' joint efforts to combat global warming were an "oasis", according to a foreign ministry statement published late on Wednesday.
"But surrounding the oasis is a desert, and the oasis could be desertified very soon," he said. "China-U.S. climate cooperation cannot be separated from the wider environment of China-U.S. relations."
"We have shown our sincerity," Wang was quoted by state broadcaster CCTV as saying. "Everyone who met with you will have to spend two weeks in quarantine, but we're willing to pay that price, to discuss cooperation with the U.S. on affairs of mutual concerns."
Kerry told Wang that Washington remained committed to working with other nations to tackle the climate crisis, and encouraged China to do more to reduce emissions during the meeting, a State Department spokesperson said.

"Secretary Kerry affirmed that the United States remains committed to cooperating with the world to tackle the climate crisis, which must be addressed with the seriousness and urgency that it demands, and encouraged the PRC to take additional steps to reduce emissions," the spokesperson said.
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The United States, which has resumed its role in global climate diplomacy after a four-year hiatus under President Donald Trump, has long hoped to keep climate issues separate from its wider disputes with China on issues such as trade, human rights and the origins of the COVID-19 pandemic.
Kerry is in the northern Chinese city of Tianjin to hold face-to-face talks with Xie Zhenhua, China's special climate envoy, on the countries' joint response to the climate crisis.
Climate watchers are hoping that the talks will lead to more ambitious pledges by both countries to tackle greenhouse gas emissions.
"The G2 (China and the United States) need to realise that beyond their bilateral oasis and desert, the whole planet is at stake," said Li Shuo, senior climate adviser with the environmental group Greenpeace.
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"If they don't make joint climate progress fast enough, it is soon all going to be desert," he added.
The meeting in Tianjin is the second to be held between Kerry and Xie, with the first taking place in Shanghai in April. Kerry has no remit to discuss anything apart from climate change issues.
Though Wang warned that climate change could now be tied to other diplomatic issues, China has insisted that its efforts to curb its emissions and switch to cleaner forms of energy are a vital part of its own ambitious domestic policy agenda.
"Chinese leaders have long said they are engaged in climate action not because of outside pressure, but because it benefits China and the world at large," said Alex Wang, climate expert and professor at UCLA.
"If that is so, then U.S.-China tensions should not slow Chinese climate action."
Source: investing
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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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