COP27: UK pledges £11.6B to tackle climate change
November 8, 2022, 9:00 am

COP27: UK pledges £11.6B to tackle climate change

British Prime Minister Rishi Sunak

British Prime Minister Rishi Sunak said Monday (Nov 7) that the UK is committed to providing £11.6 billion ($13.3 billion) to tackle climate change, noting that the war in Ukraine called for "faster action" on the climate crisis.

This came in his first international speech as prime minister during his participation in the UN climate change conference COP27 in the Egyptian seaside resort of Sharm el-Sheikh.

On Sunday (Nov 6), the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) opened in Egypt's coastal city of Sharm El-Sheikh in hopes to turn global climate finance pledges into action.

“I believe we found room for hope in Glasgow. With one last chance to create a plan that would limit global temperature rises to 1.5 degrees (Celsius), we made the promises to keep that goal within reach,” he said in his speech.

Sunak stressed that the UK will triple its funding on adaptation efforts to £1.5 billion by 2025.

This photo shows an entrance to the media registration area of the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) in Sharm El-Sheikh, Egypt, Nov. 5, 2022. (Xinhua/Sui Xiankai)

He said the war in Ukraine was not a reason to slow down on climate change, but a reason to act faster and an opportunity to diversify the UK's energy supply by investing in renewables.

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Egypt is currently hosting COP27, with more than 100 leaders and heads of state attending the global event to discuss ways to lessen the negative impacts of climate change and adapting to its repercussions.

Climate change refers to long-term shifts in temperatures and weather patterns. These shifts may be natural, but since the 1800s, human activities have been the main driver of climate change, primarily due to the burning of fossil fuels (like coal, oil and gas), which produces heat-trapping gases.

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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.”