The historic commitments made at the Cop26 conference on climate change will remain "just words on a page” unless countries deliver on promises they made, Britain’s climate chief has said in a hard-hitting speech.
In his first pronouncement since the Glasgow conference in November, Alok Sharma will urge the 200 countries that signed the Glasgow Climate Pact to make the changes required to ensure temperatures climbing above 1.5°C “do not slip from our grasp”.
The UK’s Cop26 president has also spoken to the UAE’s and Egypt’s climate representatives to help preparations for their climate conferences over the coming two years.
“There is no doubt that the commitments we secured at Cop26 were historic,” Mr Sharma said in his speech at the Chatham House think tank in London on Monday.
“Yet at the moment they are just words on a page and unless we honour the promises made, to turn the commitments in the Glasgow Climate Pact into action, they will wither on the vine.
“We will have mitigated no risks. Seized no opportunities. We will have fractured the trust built between nations. And 1.5°C will slip from our grasp.”
Despite the current threat of war between Russia and Ukraine, the world still needed to unite in “collective self-interest” to combat global warming, he said.
Glasgow had demonstrated “that climate can create a space for co-operation amongst the splintered global politics” showing that the world “can work together to improve our common future to address major global challenges and to seize opportunities”.
He referred to the apocalyptic Netflix film Don’t Look Up, in which an asteroid destroys Earth. “The final line has stayed with me: 'We really did have everything, didn’t we?' We do have everything," he said. "And we must not throw it away. There is no more time to ‘sit tight and assess’. We must deliver.”
Mr Sharma, who last year told The National that climate change was the world’s biggest security risk, outlined Britain’s priorities that include ensuring countries understand it was in their own interest to work together on climate change.
The politician wants to turn the conference’s “ambition into action”, insisting that the world must maintain the urgency and the energy to honour promises made before Cop27 in Sharm El Sheikh in November.
The key is keeping to the agreements to reduce carbon emissions to ensure temperature rises do not exceed 1.5°C, Mr Sharma said. He wants countries to deliver on their net zero commitments and 2030 emissions reduction targets, particularly ending coal power, halting deforestation and transitioning to clean vehicles.
Britain also wants international financial institutions to deliver on the $100 billion commitments to help developing countries transition to renewable energy.
Mr Sharma has promised to “work hand-in-hand” with Egypt and UAE’s Cop27 and Cop 28 presidents, respectively, to deliver on the priorities and keep climate at the top of the international agenda.
“At Cop26 itself almost 200 countries came together and agreed the historic Glasgow Climate Pact,” Mr Sharma said.
“In doing so they demonstrated that climate can create a space for co-operation amid a splintered global politics, that the world can work together to improve our common future, to address major global challenges and to seize opportunities.”
He argued that clean energy was now competitive and that the “global race to supply the technologies and solutions a net-zero world needs is on”.
“The train is pulling out of the station and countries and companies that want to remain competitive need to leap on now,” he said.
That was why the private sector is now no longer interested in investing in coal. “They can see it is the direction of travel, they can see that they're going to end up with potentially stranded assets.”
Britain will seek to ensure that countries honour commitments made to poorer nations vulnerable to climate change, particularly those at risk of rising sea levels, and to double financing by 2025.
“The Glasgow Climate Pact was a product of international co-operation and a practical demonstration of Global Britain in action,” Mr Sharma said. “So my absolute focus for the UK presidency year is delivery.”
Mr Sharma is expected to undertake further meetings with his UAE and Egypt counterparts this year to build strong partnerships.
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
WWE TLC results
Asuka won the SmackDown Women's title in a TLC triple threat with Becky Lynch and Charlotte Flair
Dean Ambrose won the Intercontinental title against Seth Rollins
Daniel Bryan retained the WWE World Heavyweight Championship against AJ Styles
Ronda Rousey retained the Raw Women's Championship against Nia Jax
Rey Mysterio beat Randy Orton in a chairs match
Finn Balor defeated Drew McIntyre
Natalya beat Ruby Riott in a tables match
Braun Strowman beat Baron Corbin in a TLC match
Sheamus and Cesaro retained the SmackDown Tag Titles against The Usos and New Day
R-Truth and Carmella won the Mixed Match Challenge by beating Jinder Mahal and Alicia Fox
MO
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Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
England's lowest Test innings
- 45 v Australia in Sydney, January 28, 1887
- 46 v West Indies in Port of Spain, March 25, 1994
- 51 v West Indies in Kingston, February 4, 2009
- 52 v Australia at The Oval, August 14, 1948
- 53 v Australia at Lord's, July 16, 1888
- 58 v New Zealand in Auckland, March 22, 2018