Bloomberg at COP26
Climate change is intensifying, and the race against time to protect our planet — and future generations — has never been more dire. In 2021, we saw increasingly deadly floods and wildfires, widespread drought, and powerful storms wreak havoc across the globe, all brought on by our changing climate. These events have devastated communities and economies worldwide, and it will only get worse if we fail to act. Only with collective action and leadership from governments, the private sector, and civil society will we stop and reverse the destructive impacts of the climate crisis, protect public health, and help drive economic recovery from COVID-19.
In November 2021, Mike Bloomberg, UN Special Envoy on Climate Ambition and Solutions and founder of Bloomberg LP and Bloomberg Philanthropies, participated in COP26 in Glasgow, capping off a 60-day, Bloomberg-wide effort to turbocharge climate progress in support of the UN’s climate agenda.
In 60 days, 85 climate actions were taken across Bloomberg and with partners. Designed to build momentum and catalyze climate action worldwide, these actions included climate-focused investments, partnerships, capacity-building, and educational efforts across three key themes: accelerating the clean energy transition, elevating local climate action, and mobilizing climate finance.
View a recap of all climate actions taken between September and November 2021.
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To see our 85 actions from the 60 days leading up to COP26, visit our Countdown to COP26.
Wednesday, November 3, 2021
Mike Bloomberg Joins Mark Carney as Co-Chair for Global Financial Alliance for Net Zero (GFANZ)
On Wednesday, COP26 focus turns to climate finance. Mike Bloomberg announced he will join Mark Carney as co-chair for the Glasgow Financial Alliance for Net Zero (GFANZ). GFANZ is committed to accelerating and mainstreaming the decarbonization of the world economy and reaching net-zero emissions by 2050. Today GFANZ includes over 450 financial institutions representing assets of more than $130 trillion across 45 countries. Read the press release here.
On Twitter, Mike tweeted:
Tuesday, November 2, 2021
U.S. Treasury Secretary Janet Yellen and Mike Bloomberg Convened a Small Group of Senior Business Leaders to Discuss Green Challenges, Innovations and Future Solutions.
Thousands of organizations around the world – from businesses to governments to civil society – are committing themselves to reducing their carbon footprints. In particular, hundreds of global financial institutions have made net zero commitments. This roundtable served as a forum for participants to discuss the opportunities and challenges in reaching net-zero targets.
Mike Bloomberg Joins C40 Cities to Welcome New Chair Mayor of London Sadiq Khan and Thank Outgoing Chair Mayor of Los Angeles Eric Garcetti
Mike Bloomberg and HRH Prince William Host the Finalists and Winners of the Earthshot Prize at COP26
From LA to Bogotá to London, Global Mayors Unite to Deliver Critical City Momentum to World Leaders
In Glasgow today, C40 Chair Mayor Garcetti handed the baton over to C40 Chair-elect Mayor Khan, who outlined his bold new vision for leveraging what cities can deliver in the fight against climate change. Read the press release here.
Monday, November 1, 2021
Showing All-Of-Society U.S. Commitment to Climate Action, U.S. Federal Government and America Is All In Come Together at COP26
The Biden-Harris Administration and American non-federal leaders came together to celebrate the re-engagement of the U.S. federal government in the global climate effort and show the collective momentum across sectors for ambitious climate action. America Is All In co-chair Mike Bloomberg and coalition members New Mexico Gov. Michelle Lujan Grisham, National Congress of American Indians President Fawn Sharp, New Orleans Mayor LaToya Cantrell, and others celebrated the return of the U.S. government after a five-year absence. Additionally, Bloomberg Philanthropies is committing $10 million in funding to ensure that a whole-of-society approach continues as the United States works to pass and implement landmark climate legislation, and cities, states, businesses, and other organizations can continue to collaborate on climate research, campaigns, and advocacy. Read the press release here.
Mike Bloomberg Meets with Canadian Prime Minister Justin Trudeau at COP26 to Discuss the Urgency in Tackling Climate Change
On Twitter, Prime Minister Trudeau tweeted:
On his Instagram, Mike posted:
“Prime Minister Justin Trudeau understands that tackling climate change and building a more resilient, sustainable economy go hand-in-hand. His leadership to power past coal in Canada is the kind of commitment we need from countries – and it was great to see him at COP26 today.”
Mike Bloomberg Announces New Effort to Close a Quarter of the World’s Remaining Coal Plants and Cancel All Proposed Coal Plants Globally by 2025
Mike Bloomberg announced a new effort to move the world beyond coal power as fast as possible. In support of the UN Secretary-General’s call to phase out coal power by 2030 for the OECD and EU27 and by 2040 everywhere else, Bloomberg Philanthropies announced a campaign to work to close a quarter of the world’s 2,445 remaining coal plants and all 519 proposed coal plants by 2025 by dramatically expanding its current efforts in seven countries and the EU to an additional 25 developing countries where coal power is projected to rapidly grow. Read the press release here.
Bloomberg Global Coal Countdown 2.0 Reveals State of Global Coal Detailed by Country for COP26 Climate Negotiations
Mike Bloomberg in partnership with the Powering Past Coal Alliance, released significant updates to the Bloomberg Global Coal Countdown, the most comprehensive online resource on the state of global coal. New features include country-level data and analysis on coal plant capacity, coal power generation, expected coal retirements, and latest country commitments to phasing out coal, as well as coal reports, research, and news stories. Read the press release here. Visit the Bloomberg Global Coal Countdown here.
Sunday, October 31, 2021
Bloomberg Announces Founding Members of CFLI India
Mike Bloomberg announced the nine founding members of CFLI India. CFLI India’s members are leaders in climate and infrastructure finance and bring the same global scale and influence of the Climate Finance Leadership Initiative (CFLI) to concentrate action on accelerating private climate finance flows in India, a critical market for climate action and opportunity. Read the press release here.
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