Bloomberg at COP28
Mike Bloomberg, UN Special Envoy on Climate Ambition and Solutions and founder of Bloomberg LP and Bloomberg Philanthropies, participated in COP28 in Dubai, U.A.E. where representatives from over 190 countries gathered to discuss progress being made on tackling climate change.
In the days leading up to COP28, dozens of climate actions have been taken across Bloomberg LP, Bloomberg Philanthropies, and with partners in a series of initiatives and commitments aimed at delivering on UN Secretary-General António Guterres’ call for urgent, collective climate action leading into COP28. The Bloomberg Countdown to COP28 enhances awareness of key climate change challenges that aim to be addressed at COP28.
At COP28 on December 1 and 2, Bloomberg Philanthropies and the COP28 Presidency hosted the Local Climate Action Summit in recognition of the critical role local leaders play in reducing emissions, addressing climate risk, and supercharging national efforts to move further and faster on climate progress.Â
See how Bloomberg Philanthropies and Bloomberg LP took action at COP28 and beyond working to accelerate the clean energy transition, inspire local climate action, protect the ocean, clean the air, and mobilize climate finance.
News from COP28
Saturday, December 2, 2023
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EBRD and Bloomberg Philanthropies to work together on coal phaseout and clean energy transition
The European Bank for Reconstruction and Development (EBRD) and Bloomberg Philanthropies today announced a partnership to explore advancing coal phaseout and capital mobilisation for the clean energy transition across the Western Balkans and the Southern and Eastern Mediterranean (SEMED) regions.
Mike met with Her Excellency President Samia Suluhu Hassan of Tanzania
President Emmanuel Macron and Michael R. Bloomberg Deliver Proof of Concept for Groundbreaking Net-Zero Data Public Utility at COP28
French President Emmanuel Macron and UN Secretary-General’s Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg unveiled the proof of concept for the Net-Zero Data Public Utility (NZDPU or the Utility), which will be the world’s first global, centralized, open repository for private sector climate transition-related data freely accessible to all. The NZDPU is designed to provide unprecedented transparency into a core set of private sector climate data critical for the net-zero transition.
Breathe Cities Unveils New Cohort of Cities to Join Ambitious Initiative to Fight Toxic Air Pollution
Bloomberg Philanthropies, Clean Air Fund, and C40 Cities announced a new cohort of cities to benefit from funding, technical support, air quality data, community engagement, capacity building, and additional support as part of the Breathe Cities clean air initiative. This $30 million initiative, launched earlier this year by Michael R. Bloomberg, the UN Secretary-General’s Special Envoy on Climate Ambition and Solutions and founder of Bloomberg Philanthropies, and London Mayor and C40 Co-Chair Sadiq Khan, aims to reduce air pollution, slash carbon emissions, and enhance public health.
Subnational Climate Action Leaders’ Exchange (SCALE) Launches Transformative Initiative to Scale Up Multi-Level Collaboration on Methane
The Subnational Climate Action Leaders’ Exchange (SCALE), marked a successful first year with the launch of a major new initiative to cut methane from the waste sector and a discussion with subnational leaders on opportunities for further strengthening climate action across sectors at the city, state, and regional level.
COP28 Presidency, United Nations Climate Change, and Bloomberg Philanthropies Launch New Industrial Transition Accelerator for Heavy-Emitting IndustriesÂ
COP28 President Dr. Sultan Al Jaber, UN Climate Change Executive Secretary Simon Stiell, UN Secretary-General’s Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg, and UN Secretary-General’s Special Envoy on Climate Action and Finance Mark Carney launched the Industrial Transition Accelerator (ITA), to catalyse decarbonisation across heavy-emitting sectors, including energy, industry, and transportation, and accelerate the delivery of Paris-aligned targets. The ITA Secretariat, which will be hosted by the Mission Possible Partnership (MPP), brings global industry leaders together with policymakers, finance, and technical experts to unlock investment and rapidly scale implementation and delivery of projects needed to cut emissions, consistent with credible 2030 1.5°C pathway targets as determined by the International Energy Agency (IEA).
Bloomberg Philanthropies, UN Environment Programme, Environmental Defense Fund, International Energy Agency, and RMI Launch Groundbreaking Transparency and Accountability Measure for Methane Emissions
Bloomberg Philanthropies, Environmental Defense Fund (EDF), the International Energy Agency (IEA), the UN Environment Programme (UNEP) through the International Methane Emission Observatory (IMEO), and RMI, founded as Rocky Mountain Institute, announced a new effort to embed transparency and accountability in global efforts to reduce methane from the oil and gas sector. This collaboration is part of a new, $40 million commitment by Bloomberg Philanthropies to help slash methane emissions by providing the data, policy and country-level engagement to avoid what new research says could be the equivalent of 10 gigatons of carbon dioxide by 2030 – an essential component to slow our approach to 1.5C and reduce a global temperature overshoot.
Bloomberg Philanthropies Youth Climate Action Fund launched
The fund will provide technical assistance and funding for the participating mayors to activate tens of thousands of young people 15- to 24-years-old to more effectively design, produce, and govern urgent climate solutions in their cities.
Coalition of Philanthropic Funders Unveil More Than $250 Million Ocean Resilience and Climate Alliance to Supercharge Ocean-Based Climate Solutions
At COP28 at the Ocean Pavilion, Bloomberg Philanthropies CEO Patti Harris, U.S. Special Presidential Envoy on Climate John Kerry, UN Secretary General’s Special Envoy for the Ocean Peter Thomson, and others announced the formation of Ocean Resilience and Climate Alliance (ORCA) by leading climate and ocean institutions. With an initial pledge of more than $250 million, Ballmer Group, Bloomberg Philanthropies, Builders Vision, the David and Lucile Packard Foundation, the Gordon and Betty Moore Foundation, the Jeremy and Hannelore Grantham Environmental Trust, Oak Foundation, Oceankind, Paul M. Angell Family Foundation, Rivian Foundation, Rockefeller Brothers Fund, Vere Initiatives, and others have come together to form a funder collaborative focused on advancing ocean-based solutions to fight climate change.
Earlier that day, during the World Climate Action Summit, UN Climate Change High-Level Champion for COP28 H.E. Razan Khalifa Al Mubarak highlighted the importance of elevating ocean solutions to fight the climate crisis in her opening remarks.
Hundreds of Local Leaders Convene at First-Ever COP28 Local Climate Action Summit, Eight Years After Inaugural Local Leaders Summit Outside COP21
Over 500 mayors, governors, and other local leaders from over 60 countries gathered for the second day of the COP28 Local Climate Action Summit (LCAS) hosted by the COP28 Presidency and Bloomberg Philanthropies. LCAS kicked off on December 1 with an unprecedented global delegation of local leaders joining COP28 President Dr. Sultan Ahmed Al Jaber and UN Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg at the COP28 World Climate Action Summit – marking a new era for integrating local climate leadership into the COP program and process.
Friday, December 1, 2023
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Op-Ed: Cities can lead in combatting climate change – Dubai is showing the way, by Abdula Al Basti and Michael R. Bloomberg (The National)
The UAE is hosting the world’s biggest opportunity to make meaningful progress on climate change: the 2023 UN Climate Change Conference, Cop28. And for the first time in the history of the conference, mayors and governors will have a formal role in the proceedings.
That change reflects a growing awareness among national and international leaders of the critical role that cities play in driving down emissions and building climate resilience – and Dubai is a leading example of both.
CFLI India Announces Climate Finance Solutions with the Potential to Mobilize over US $6.5 billion in IndiaÂ
Mike and the Climate Finance Leadership Initiative (CFLI) India announced climate finance solutions with the potential to mobilize over US$6.5 billion in support of India’s low-carbon, climate resilient development at COP28. With support from the Government of India, CFLI India’s members, including CEOs of leading Indian and international financial institutions and businesses, have worked alongside the multilateral development community to originate innovative financing solutions and strengthen India’s policy enabling environment.
UN Agencies, Multilateral Development Banks, Private Sector Finance, and Philanthropy Leaders Unite to Scale Climate Finance Capacity Building
Alongside senior leaders of multilateral development banks, finance, and international organizations, Mike announced the launch of the Global Capacity Building Coalition. This unprecedented global collaboration will significantly increase the availability and effectiveness of climate finance technical assistance programs for financial institutions in emerging markets and developing economies.
Op-Ed: Public-private partnerships are the way to go for real climate action beyond good intentions, by N Chandrasekaran, Shemara Wikramanayake, and Mike Bloomberg (The Economic Times, India)Â
As the UN’s COP28 climate conference convenes in Dubai, no nation epitomises the many challenges and opportunities of climate change more than India – a fast growing country rich in clean-energy resources that is also highly vulnerable to the effects of climate change. India has the chance to show the world how nations can build a more prosperous, resilient and healthy future while reducing emissions.
Op-Ed: At COP28, Cities Will Show Us the Way, by Michael R. Bloomberg and Yvonne Aki-Sawyerr (Project Syndicate)Â
As the UN’s COP28 climate conference convenes in Dubai, no nation epitomises the many challenges and opportunities of climate change more than India – a fast growing country rich in clean-energy resources that is also highly vulnerable to the effects of climate change. India has the chance to show the world how nations can build a more prosperous, resilient and healthy future while reducing emissions.
Mike Bloomberg Recommits Support for Local Climate Leadership Around the WorldÂ
Mike joined United Nations Secretary-General Antonio Guterres, COP28 President Dr. Sultan Ahmed Al Jaber, and 450+ mayors, governors, and local leaders to announce a new $65 million commitment to continue his support for local climate action to reduce emissions around the world. Supported by Bloomberg Philanthropies, the funding will provide critical support to leading city networks, expand data and research, and strengthen capacity for local climate finance.
COP28 Presidency and Bloomberg Philanthropies Kick-Off Historic Local Climate Action Summit to Celebrate and Scale Multi Level Climate Partnerships
The COP28 Presidency and Bloomberg Philanthropies convened the first-ever subnational leaders’ summit at a COP, marking a new era of inclusion and integration in the COP program and process. The COP28 Local Climate Action Summit (LCAS) was held during the COP28 World Climate Action Summit and hosted by COP28 President Dr Sultan Al Jaber and Michael R. Bloomberg, UN Secretary-General’s Special Envoy on Climate Ambition and Solutions and Founder of Bloomberg Philanthropies. It is supported by world-leading networks of local leaders.
Report: Paris to Dubai: Local Climate Leadership in Action
The COP28 Local Climate Action Summit comes eight years after the Climate Summit for Local Leaders convened by Mike Bloomberg and Paris Mayor Anne Hidalgo on the sidelines of COP21. To mark the occasion, Bloomberg Philanthropies also released a new report – Paris to Dubai: Local Climate Leadership in Action – outlining the historic progress cities and regions have made and outlining the steps necessary for greater ambition and partnership to accelerate climate action ahead of 2030.
Thursday, November 30, 2023
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Article: Free Climate Data Platform to Offer Sneak Peek at COP28 (The Wall Street Journal)
Mandatory climate reporting rules are coming in Europe, the U.S. and internationally. Standard setters have tried to minimize differences, but reconciling climate data into a comparable format is likely to remain a formidable task. That has been a focus of the NZDPU’s Climate Data Steering Committee which includes representatives from financial regulators, reporting standards setters, international organizations and data companies including CDP, Morningstar and MSCI. Established by French President Emmanuel Macron and Michael Bloomberg, the committee is chaired by Mary Schapiro – who previously led the Securities and Exchange Commission, Sustainability Accounting Standards Board and Task Force on Climate-Related Financial Disclosures.
Mike joined King Charles at an evening reception to launch the inaugural Business and Philanthropy Climate Forum
The event was attended by global Heads of State and Government, business CEOs, philanthropists, and heads of NGOs to celebrate the important role the private sector plays in driving climate action.
Wednesday, November 29, 2023
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Op-Ed: Climate-Vulnerable Cities Will Finally Have a Voice at UN Summit, by Michael R. Bloomberg and Mohamed-Sefiani (Morocco World News)
The 54 countries in Africa collectively emit just just 4% of global carbon dioxide—that’s less than half of European Union emissions and a fraction of the highest-emitting countries, China and the United States. But they are also contending with some of the most severe effects of climate change, and African cities face some of the dangerous risks.
The good news is: At this year’s UN summit on climate change, cities will — for the first time — have an official voice in the proceedings, and a chance to push for more international support.
