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Press Releases

Environment

New Report Reveals U.S. Cities, States, and Businesses Can Bridge an 11 Percent Emissions Reductions Gap and Deliver U.S. Climate Target, Regardless of Midterm Outcomes

November 8, 2022

America Is All In Co-Chair and UN Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg, unveiled a new report, An All-In Pathway to 2030: The Beyond 50 Scenario, which reveals that with ambitious action from U.S. cities, states and businesses, the U.S. can deliver on or exceed its international climate commitments.

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Environment

Heads of State and Ministers Announce New Support for 30×30 Targets, Bringing 112 Countries Now Committed to Protecting at least 30% of Land and Ocean by 2030

November 7, 2022

On the first day of COP27, presidents and ministers from Palau, Nigeria, Costa Rica, the United Kingdom, France, and the United States have today affirmed their support for the 30×30 target which commits countries to a global effort to achieve the protection of at least thirty percent of the planet’s land and ocean by 2030 to help curb biodiversity loss and climate change.

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Environment

Bloomberg Philanthropies and Goldman Sachs Backed Climate Innovation and Development Fund Announce Its First Blended-Finance Investments

November 7, 2022

The Bloomberg Philanthropies and Goldman Sachs-backed Climate Innovation and Development Fund (“the Fund”) has completed its first set of blended-finance investments focused on innovation across the sustainable transport sector in each of India and Vietnam. These initial investments are the first realization of the Fund’s potential to unlock up to $500 million in private sector and governmental investments in support of sustainable low-carbon economic development with a focus on South and Southeast Asia.

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Environment

Michael R. Bloomberg Deepens Commitment to Moving the World Beyond Coal with Plan to Turbocharge Clean Energy Finance in Global South

November 7, 2022

At COP27 Michael R. Bloomberg, UN Special Envoy on Climate Ambition and Solutions – alongside His Excellency Nana Akufo-Addo, President of the Republic of Ghana, Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy, and Mark Carney, UN Special Envoy for Climate Action and Finance and Bloomberg Philanthropies Board Member – announced an expanded approach to help realize his longstanding mission to move the world beyond coal.

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Environment

2021 Support For Fossil Fuels by G-20 Nations Reached Highest Level Since 2014

November 1, 2022

BloombergNEF and Bloomberg Philanthropies’ report reveals G-20 member countries provided almost $700 billion in support for coal, oil, gas and fossil-fuel power in 2021 – up 16% from the year before.

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Environment

Climate Mayors and C40 Cities Provide U.S. Cities with Guidebook to Implement Historic Inflation Reduction Act

October 28, 2022

Climate Mayors, a bipartisan coalition of nearly 500 mayors, and C40 Cities, a network of mayors of nearly 100 world-leading cities, released, “Climate Action and the Inflation Reduction Act: A Guide for Local Government Leaders,” a guidebook to help local leaders understand the landmark Inflation Reduction Act and all the resources available to them through the law.

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Government Innovation

The Bloomberg-Sagol Center for City Leadership Announces Inaugural Class of 20 Mayors to Participate in World-Class Executive Training Program

October 26, 2022

The Bloomberg-Sagol Center for City Leadership at Tel Aviv University announced the first 20 mayors and municipal heads from across Israel that will participate in an intensive, yearlong executive education and training program.

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Environment

Transitioning Europe’s Largest Coal Power Plant to a Secure, Resilient, Affordable Clean Energy Future

October 20, 2022

Europe’s largest coal-fired power plant could replace most of its lignite generation with renewables paired with batteries or lower-carbon thermal capacity, research group BloombergNEF (BNEF) finds in a new report. Such a transition would lower overall power system costs in the Łódź region of Poland, where the plant is located, while maintaining critical energy security.

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Environment

World’s Best Climate Projects Recognised at 2022 C40 Cities Bloomberg Philanthropies Awards

October 19, 2022

C40 and Bloomberg Philanthropies announced the 10 winners of the 2022 C40 Cities Bloomberg Philanthropies Awards at the C40 World Mayors Summit in Buenos Aires, Argentina.

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Public Health

Bloomberg Philanthropies Commits Additional $50 Million to Eradicate Polio

October 18, 2022

Bloomberg Philanthropies announced an additional $50 million commitment to the Global Polio Eradication Initiative (GPEI) reinforcing its dedication to GPEI’s mission to complete the global eradication of polio.

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