WASHINGTON — Michael R. Bloomberg, the former mayor of New York City, will donate $500 million to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas, his foundation said Thursday.
Beyond Carbon Brings Bloomberg’s Global Investment in Fighting Climate Change to $1 Billion
New York, NY – In a commencement address today at the Massachusetts Institute of Technology, Michael R. Bloomberg will launch Beyond Carbon, the largest coordinated campaign to tackle climate change ever undertaken in the United States. With a $500 million investment — the largest ever philanthropic effort to fight the climate crisis — Beyond Carbon will work to put the U.S. on track towards a 100% clean energy economy by working with advocates around the country to build on the leadership and climate progress underway in our states, cities, and communities.
A Message from Mike Bloomberg, Founder, Bloomberg L.P. and Bloomberg Philanthropies
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“We are committed to leading the way in the fight against climate change. In the coming year, we will continue to ramp up our efforts to build a stronger, more resilient global economy,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies.
New initiative will work to meet goals of Paris Agreement through mobilization and deployment of private sector capital
Today at the One Planet Summit in New York the UN Secretary-General tapped his Special Envoy for Climate Action Mike Bloomberg to lead a new Climate Finance Leadership Initiative to mobilize private finance in support of the Paris Agreement goals.
The Global Climate Action Summit (GCAS) in San Francisco, convened by America’s Pledge Co-Chairs Mike Bloomberg and California Governor Jerry Brown, brought leaders together to create deeper worldwide commitments and accelerated action that can put the globe on track to prevent dangerous climate change and realize the historic Paris Agreement. The following is a round up of GCAS news.