Bloomberg Philanthropies has announced a $10.5 million commitment in support of efforts to strengthen climate capacity across the United Nations and promote climate and solutions ahead of the twenty-sixth UN Climate Change Conference of the Parties (COP26) to be held in Glasgow, Scotland, October 31 through November 12.

As part of the effort, Bloomberg Philanthropies is collaborating with the Glasgow City Council to create an Asphalt Art installation at the entrance of Anderston Station.

In addition, in the coming weeks Bloomberg Philanthropies and COP26 corporate partner Bloomberg L.P. plan to announce dozens of investments, partnerships, capacity-building initiatives, and educational efforts aimed at accelerating the clean energy transition, inspiring local climate action, and mobilizing climate finance. Michael R. Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies and the UN secretary-general's special envoy for climate ambition and solutions, also will convene business leaders to discuss the challenges faced by the private sector, as well as data, research, and solutions needed to collectively achieve net-zero targets.

As global ambassador for the UN Race to Zero and Race to Resilience campaigns, Bloomberg will support the efforts of more than seven hundred cities, thirty regions, three thousand businesses, and hundreds of investors who have joined the Races to mobilize unprecedented climate action and ensure their efforts are reflected in the historic COP26 negotiations.

"Success at COP26 is absolutely critical for the world to get back on track with respect to the 1.5C climate goal under the Paris Agreement," said UN Climate Change executive secretary Patricia Espinosa. "Global leaders will face a significant agenda in Glasgow, but billions look to them to make the bold and courageous decisions necessary to finally implement the Paris Agreement, significantly boost climate ambition and ultimately get humanity off its current path of destruction. This support is both welcome and crucial for building capacity towards and ensuring success at COP26."

(Photo credit: GettyImages)