Bloomberg Philanthropies pledges to honor Paris Agreement goals
United Nations’ special envoy on climate ambition and solutions Michael R. Bloomberg has announced Bloomberg Philanthropies and other U.S. climate funders will ensure the United States honors Paris Agreement commitments following the country’s second withdrawal.
The commitment marks the second time Bloomberg has stepped in to help uphold the country’s funding and reporting commitments under the Paris Agreement after the Trump administration’s decision to leave the accord, and includes covering the funding gap left by the United States to UN Climate Change and upholding the country’s reporting commitments. In 2017, the U.S. announced its intention to withdraw from the agreement, and Bloomberg Philanthropies pledged up to $15 million to the United Nations Framework Convention on Climate Change Executive Secretariat; the foundation did not detail how much it had committed this time. In addition, Bloomberg said he will continue his support for America Is All In—a coalition of U.S. cities, states, businesses, and other subnational climate leaders working to meet the U.S. commitment to reduce emissions at least 61 percent below 2005 levels by 2035.
“Mike Bloomberg’s generous donation ensures the world retains a vital venue for working together on the defining issue of our time, which no country can solve alone or afford to ignore,” said European Climate Foundation CEO Laurence Tibiana, a former climate change ambassador for France and special representative to COP21 and COP22 UN high-level champion for climate action.
“More and more Americans have had their lives torn apart by climate-fueled disasters, like the destructive fires raging in California. At the same time, the United States is experiencing the economic benefits of clean energy, as costs have fallen and jobs have grown in both red and blue states,” said Bloomberg. “The American people remain determined to continue the fight against the devastating effects of climate change. Bloomberg Philanthropies has made significant investments in empowering local leaders, providing businesses with the data to track emissions while driving economic growth, and building coalitions across public and private sectors. Now, philanthropy’s role in driving local, state, and private sector action is more crucial than ever—and we’re committed to leading the way.”
(Photo credit: Getty Images/Rudenkoi)
