Designed to turbocharge climate progress from public, private, and civil society actors around the world, Bloomberg L.P. and Bloomberg Philanthropies will unveil dozens of climate actions through investments, partnerships, and capacity-building and educational efforts during the 45-day Countdown to COP27.
Launched by Michael R. Bloomberg, UN Special Envoy on Climate Ambition and Solutions and founder of Bloomberg L.P. and Bloomberg Philanthropies, the Bloomberg Countdown to COP27 is a series of initiatives and commitments aimed at delivering on UN Secretary-General António Guterres’ call for urgent, collective climate action leading into this year’s UN Climate Change Conference in Sharm El-Sheikh, Egypt. The Countdown enhances awareness of key climate change challenges that will be addressed by the COP27 Presidency.
Supported by Bloomberg Philanthropies, the Japan Climate Initiative (JCI) held the Japan Climate Action Summit (JCAS) today, which focused on the themes of information disclosure, buildings decarbonization and transport decarbonization. The Summit was built upon a climate-centric community statement released by JCI earlier this year, which focused on sharing how Japan’s non-state actors are accelerating their actions toward clean energy transformation and energy security as a means of tackling climate change. JCI – a coalition of progressive businesses, local governments, and civil society organizations – used this summit to build momentum for climate change action among non-governmental actors in Japan ahead of COP27 in November. Learn more about the speakers and program here.
Airparif and the city of Paris, in partnership with Bloomberg Philanthropies, launched the Paris prend l’air (Paris Takes the Air) initiative on National Air Quality Day. The initiative will engage Parisian parents and children through educational workshops to raise awareness of the dangers of city air pollution and its linkages to climate change and public health. Several high-level officials were in attendance at the launch, including Dan Lert, deputy mayor of Paris in charge of climate plans, water and energy; Anne Souyris, deputy mayor in charge of public health, environmental health, the fight against pollution and risk reduction; and Annya Schneider from Bloomberg Philanthropies’ Environment Team. Learn more about how our Parisian partners are rallying for change here.
BloombergNEF kicked off its 2023 search for the world’s best climate-tech innovations with the potential to accelerate global decarbonization. The competition focuses on three specific challenges in the transition to a net-zero world. This year, BNEF is looking for game-changing technologies across hydrogen, metals and materials, and food production. With a decade under its belt, the competition has already recognized 129 innovative companies leading the fight against climate change and bringing a clean, green and viable future closer within our reach. Read more here and applications can be submitted here!
Bloomberg partner CDP released a new report, Protecting People and the Planet, that highlights the climate-related hazards faced by cities and the urgent need to put people at the heart of city climate action. Among the report’s findings: In 2022, 80% of cities reported facing significant climate hazards, such as extreme heat, heavy rainfall, drought and urban flooding, and for about one-third of cities, these climate hazards negatively impact 70% of their population. Read more here.
The Task Force on Climate-related Financial Disclosures (TCFD), chaired by Mike, published its 2022 status report, which reviewed publicly available reports of over 1,400 companies from eight industries and five regions to better understand current climate-related financial disclosure practices. As of today, over 3,900 organizations have now pledged their support for the TCFD, with supporters spanning 101 countries and jurisdictions and covering nearly all sectors of the economy, with a combined market capitalization of $26 trillion. The TCFD has also garnered support from the world’s largest public companies. Of the 100 largest public companies, 92 either support the TCFD, report in line with the TCFD recommendations, or both – up from 83 last year. “These findings demonstrate that the TCFD framework has become essential in guiding companies as they analyze how climate risks and opportunities impact their financial position,” said Mary Schapiro, Head of the TCFD Secretariat and Vice Chair for Global Public Policy at Bloomberg L.P. “While we are proud of the progress we’ve seen since 2017 in company disclosures, and in adoption of TCFD by governments, standard setters and regulators, these findings make it clear there is more work to be done to improve transparency as companies and investors assess their risks through the lens of climate change.” Read more here.
Bloomberg LP’s Nadia Humphreys, co-rapporteur on the Platform for Sustainable Finance of the European Commission, presented a report from the “Data and Usability” subgroup at an event organized by the Commission on October 11th. The report looks back at the first phase of the implementation of the EU Taxonomy and provides recommendations to enhance its usability and improve the coherence of EU ESG regulations. The findings were summarized in a blog available here.
Bloomberg Philanthropies partner The Energy and Resource Institute (TERI) virtually hosted their National Conference on COP27 Compass – Road to Sharm El-Sheikh: Towards Equitable and Collective Climate Action today. The conference, with over 250 people in attendance including experts and representatives from national and international technical institutions, research organizations, civil society and think tanks, served to disseminate the messages from COP27 policy briefs and facilitate discussions aimed at raising ambition at the national and global level ahead of COP27 from the perspective of the Global South. Learn more about the conference and speakers here.
An analysis by Bloomberg Intelligence (BI) revealed that their new carbon stock portfolio may help to limit drawdowns while providing exposure to companies leading decarbonization in their sectors. The Carbon stock portfolio aims to hold long positions in companies with the most ambitious carbon-reduction goals, stocks which also tend to be highly profitable. The strong presence of quality stocks such as Tesla and TotalEnergies with high carbon scores suggests that it’s compatible to pursue both climate and financial goals across sectors. Read more here.
BloombergNEF (BNEF) report showed that the world’s energy storage capacity will increase by 384 gigawatts by 2030. Part of the expected 15-fold increase can be attributed to policy developments, including the historic Inflation Reduction Act, which provided immense funding to wind, solar and storage tax credits. Increased energy storage capacity – especially for renewables – signals proof-positive of a reliable, stable and powerful energy market of the future. Learn more here.
Supported by Bloomberg Philanthropies, Good Energy and USC’s Norman Lear Center Media Impact Project released their report, “A Glaring Absence: The Climate Crisis is Virtually Nonexistent in Scripted Entertainment,” which highlights the lack of climate-related themes and stories across both films and television. Following the launch of the Climate Playbook earlier this year, the report determined that only 2.8% of all scripts included ANY climate-related terms and the most extreme and urgent disasters are almost never linked to climate change. Learn more about how Bloomberg is helping to ensure climate change is accurately and regularly presented in scripted media here.
Supported by Bloomberg Philanthropies, Sierra Club’s Beyond Coal Campaign announced the closure of the Barry plant (#361) and the Gaston plant (#362) in Alabama. Rather than upgrading these coal plants to meet regulatory emissions guidelines, Alabama Power chose to retire them to avoid economic burden. The Barry plant closure is especially historic. Located in what has been described as America’s Amazon, Plant Barry is surrounded on three sides by the Mobile River. Air and water pollution from the plant has threatened biodiversity of the Mobile river watershed and overburdened communities of color since 1969. The most notable community is Africatown, a known world historic site founded by survivors of the Clotilda, the last know ship to bring a cargo of people into slavery in the United States. Two big wins for a cleaner, coal-free America! Read more about other key closures by Beyond Coal here.
Bloomberg Philanthropies Ocean Initiative partner Global Fishing Watch (GFW) established a new partnership with Papua New Guinea in which the country committed to sharing vessel tracking data from its Fishing Industry Association on GFW’s public tracking map. Through this agreement, the Pacific Island country is taking action to enhance the monitoring of fishing vessels operating in their waters, increase the transparency of its seafood supply chain and help safeguard food security. In Papua New Guinea and beyond, GFW and other Bloomberg Ocean Initiative partners are increasing accountable, sustainable, and equitable fishing practices and helping ensure our critical ocean resources are protected for the health and livelihood of people around the globe. Read more here.
Bloomberg News posted its first of several articles that will be previewing topics that are expected to dominate global discussions at COP27. The first piece, A New Era of Climate Disasters Revives Calls for Climate Reparations, focuses on developing countries like Pakistan that are leading the charge for compensation from rich nations for the mounting damage from climate-driven disasters, like floods, storms, droughts, and heat waves, caused by decades of unabated emissions from developed countries. The conversation on climate reparations and loss-and-damage is likely to command significant attention at COP27, especially given recent climate-related disasters like the deadly floods in Pakistan. Read the article here.
Bloomberg Philanthropies launched The Bloomberg Initiative for Cycling Infrastructure (BICI) at CityLab to help cities around the world create safe, interconnected, and innovative cycling infrastructure and provide sustainable and zero-emissions mobility options. The Initiative will select 10 cities with populations of over 100,000 residents to receive up to $1 million to enact proposals and be provided with technical assistance for implementation, cycling facility design, data collection, resident engagement, and other best practices. Learn more here.
The Bloomberg Initiative for Cycling Infrastructure (BICI) is a competitive grant program to foster catalytic change in city cycling infrastructure around the world.
Today, Bloomberg CityLab, the preeminent global cities summit organized by Bloomberg Philanthropies in partnership with the Aspen Institute, brought together global mayors alongside prominent city innovators, business leaders, urban experts, artists, and activists to discuss and discover replicable solutions to pressing issues – from leading their communities through pandemic recovery to welcoming refugees from global conflicts to combating climate change. Mayors and experts engaged in robust conversations focused on nature, water-related challenges and extreme heat. Learn more here.
Henk Ovink (Special Envoy for Water Affairs, Kingdom of the Netherlands), Pierfrancesco Maran (Deputy Mayor of Milan, Italy), Melissa Martin (Chef and Author, Mosquito Supper Club), Randall Woodfin (Mayor of Birmingham, Alabama, U.S.A.) with Adam Freed (Principal, Bloomberg Associates) discuss “Waterproofing Cities” at Bloomberg CityLab 2022.
Bloomberg Philanthropies launched a new digital short series that spotlights the countdown to coal around the world – one coal plant at a time. Watch the one minute video featuring the 360th U.S. coal plant retirement here!
Supported by Bloomberg Philanthropies, Sierra Club’s Beyond Coal Campaign retired another coal plant – marking 360 coal plants retired in the U.S. since the campaign began in 2010. With this announcement, Beyond Coal has officially retired 68% of coal power in the US! Stopping harmful carbon emissions and toxic air pollution from the Comanche plant in Pueblo, CO is a major win for Beyond Coal, Pueblo communities, and the planet at large as we move closer to a green energy transition and a just, viable future. The Comanche plant was Colorado’s largest source of greenhouse gas emissions. Read more about Beyond Coal’s latest wins here.
BloombergNEF (BNEF) found that the world will require 4x the current investment rate in clean energy in order to power a green energy world and keep the planet under 1.5 degrees by 2030. The report, through analysis and assessments of various scenarios from the IEA, IPCC and NGFS, showcases how critical it is for the financial sector to retire dirty coal portfolios and prioritize clean energy investments over the next decade to ensure a net-zero future. Read the report here.
Source: BloombergNEF, IEA, IPCC, NGFS. Note: * denotes estimated values based on the IEA World Energy Investment reports. The decadal ratio average and range has been rounded to the nearest whole number.
Today, Glasgow Financial Alliance for Net Zero (GFANZ) and BloombergNEF hosted an event in London to highlight strategies to achieve a future where the planet stays under 1.5 degrees Celsius of warming and avoids climate catastrophe. Adding to the discussion was new GFANZ-supported research from BloombergNEF that analyzed several future climate scenarios and revealed the energy investment ratio between green energy and fossil fuels from now through 2050. UN Special Envoy and GFANZ co-chair Mark Carney kicked off the day with remarks, which were followed by several panel discussions with high-profile attendees across energy, finance, and government. Learn more here.
Bloomberg Philanthropies’ environment team met with Indonesian Finance Minister Sri Mulyani Indrawati and her team to further Bloomberg’s support of Indonesia’s ambitious plans for the clean energy transition. The meeting builds on Bloomberg’s ongoing partnership with the Indonesian government, just as Bali, Indonesia is set to host the November 2022 G20 Summit, a strategic platform connecting the world’s major developed and emerging economies and aimed towards helping secure future global economic growth and prosperity.
Bloomberg Green and the Outrider Foundation — a nonprofit that supports multimedia storytelling about nuclear issues and climate change – launched a fellowship program focused on highlighting the consequences of climate change. Eugene Reznik, a features photo editor at Bloomberg Green, will be the inaugural fellow and will work with Bloomberg Green Executive Editor Aaron Rutkoff to produce high-impact, visually compelling stories highlighting climate change’s detrimental consequences and inspiring action. “Memorable photos cultivate empathy and understanding for issues that seem distant, complicated, or opaque,” said Reznik. Congrats Eugene 🎉! To learn about the series of multimedia features being released next month, read more here.
Supported by Bloomberg Philanthropies, Sierra Club’s Beyond Coal Campaign has retired another coal plant in San Juan, New Mexico – its 359th in the U.S. since 2010. Halting harmful carbon emissions and toxic air pollution from this plant is a monumental win for the Sierra Club, local communities and the world at large as we move closer to a green energy economy and a just, viable future. Read more about Beyond Coal’s success stories here.
Today in New Delhi, Bloomberg Philanthropies’ partner Council of Energy, Environment and Water (CEEW) joined with the Embassy of the Arab Republic of Egypt to host a high-level COP27 roundtable with the UN Climate Change High-Level Champion for Egypt, H.E. Dr. Mahmoud Mohieldin. The roundtable convened over 20 industry experts, government officials and civil society leaders to discuss the importance of private sector financing for clean energy and decarbonization, emerging energy markets, resilient infrastructure, innovative finance, corporate climate commitments, and more. The roundtable conversation was especially prescient as India looks to take on a bigger global leadership role in advance of them hosting the G20 Summit in New Delhi next year.
The Sierra Club released The Dirty Truth About Utility Climate Pledges 2.0, a new report supported by Bloomberg Philanthropies that shows major U.S. utility companies continue to run on coal and gas, despite their commitments to transition to clean energy. Studies show that unless utilities retire all their coal plants by 2030, abandon all plans to build gas plants, and aggressively build out renewable energy resources, we risk destabilizing our livable climate. To complement the report, the Sierra Club created a dashboard to see how utility providers stack up against their clean energy pledges, report cards on specific utility providers, and a way for customers to help hold utility companies accountable for their commitments. Read the report here.
Bloomberg News celebrated the launch of the second year of the Bloomberg New Voices initiative in South Africa by convening senior women business leaders in Cape Town, South Africa. Since the New Voices program was created in 2018, more than 400 executives have received training in topics such as climate change, finance and their own company’s ESG policies, making these leaders more skilled in advocating for a net-zero emissions future. This year’s convening included a panel discussion moderated by Bloomberg News’ South Africa Bureau Chief Amogelang Mbatha that focused on the growing role of sustainable finance in creating value and maximizing environmental investment. Speakers also touched on a host of key issues for South Africa such as the energy sector’s just transition, boosting gender equality in finance, ESG investments in the current market, and the energy crisis. Learn more here and watch the video here.
In London, the Bloomberg Technology Summit brought together business leaders, policymakers, entrepreneurs and investors to explore the critical role that tech plays to innovate climate solutions. Sessions focused on the challenges facing the tech industry in reaching net zero emissions and highlighted how smart tech solutions are a key catalyst for decarbonizing the economy and saving money for consumers. Watch it here.
Bloomberg Philanthropies, Mayor of London Sadiq Khan, and Imperial College announced the second round of the Breathe London Community Programme, inviting community groups across London to apply for free, solar-powered air quality sensors. This program puts the power back into the hands of citizens by supporting self-monitoring and reporting of dangerous industrial pollutants. By providing these groups with accurate, real-time local air quality data, the Breathe London program empowers community members to advocate for positive changes in their neighborhoods that lead to less air pollution and healthier lives. Learn more here.
Antha Williams, who leads the environment program at Bloomberg Philanthropies, met with Mayor Geordin Hill-Lewis to talk about his plans to advance Cape Town’s energy and water security programs. Cape Town is a member of both C40 Cities and the Global Covenant of Mayors, two leading global organizations focused on harnessing the power of cities and mayors to reduce emissions and fight climate change.
Mike and Bloomberg Media unveiled the initial speakers for the fifth annual Bloomberg New Economy Forum, which returns to Singapore in-person on November 14-17. On the heels of the 2022 G20 Summit and COP27, the Forum will gather the world’s most influential CEOs, government leaders, entrepreneurs, and policymakers, in collaboration with the government of Singapore, to find practical solutions to the world’s most pressing problems – especially a renewed reliance on fossil fuels which threatens to put carbon-reduction targets forever out of reach. Five key pillars of the new economy – Finance, Commerce, Sustainability, Resilience and Security – will serve as the focal point for critical conversations. Click here to read more.
A new BNEF report, supported by Bloomberg Philanthropies, finds that plans to retrofit coal plants in Japan to burn ammonia are too costly. In order to decarbonize its power sector, Japan would be better served to accelerate the deployment of renewable energy. The report – Japan’s Costly Ammonia Coal Co-Firing Strategy – provides additional analysis for Japanese policymakers, stakeholders, consumers, and utility companies considering investment in renewables instead of fossil fuels. The full report is available in both English and Japanese here.
Bloomberg Philanthropies, in partnership with the African Climate Foundation and the Presidential Climate Commission and Presidential Climate Finance Task Team, co-sponsored the Just Energy Transition Knowledge Exchange and Learning Sessions in Cape Town. The event brought together elected officials and climate leaders to discuss the importance of equity in the clean energy transition. Antha Williams and Ailun Yang from Bloomberg Philanthropies’ environment program and Aguil Deng from Bloomberg LP joined delegates from South Africa, Senegal, Nigeria, China, India, Indonesia, Vietnam, and Philippines to discuss transition paths to decarbonization, the transport shift to EV’s, greening of the electric grid, and how to best tap into Africa’s clean energy potential. Learn more here.
BloombergNEF (BNEF) highlighted key findings from its annual Power Transition Trends report, showcasing the incredible progress for wind and solar energy last year. The article summarized how renewable technologies had a banner year, both in terms of contributions to global generation and new capacity added. The report is freely available and can be used by policymakers, investors and other key stakeholders working to achieve net-zero emissions. Read more here.
Bloomberg LP posted a new article detailing how the company systematically approaches estimating Scope 3 emissions for Oil and Gas, Metals and Mining, and Services industries using a combination of a bottom-up model with a top-down machine learning model and how it can help close the gap on GHG emissions data from that sector. Scope 3 emissions account for a whopping 70% of the average corporate value chain’s total emissions, but Bloomberg’s company-reported ESG data on 13,000 companies reveals that only about 20% of them disclosed their Scope 3 emissions for the 2020 fiscal year. To shine a light on this gap, Bloomberg has developed a Scope 1, 2 and 3 estimates model to cover both companies that do report but also those that do not self-report. Read the blog post here.
Hosted and founded by Pulitzer-prize-winning journalist Ian Urbina, The Outlaw Ocean Project launched The Outlaw Ocean, a 7-part weekly series that explores one of the few remaining frontiers on our planet: the world’s ocean. Supported by Bloomberg Philanthropies, the immersive audio documentary is a result of 8 years of reporting at sea in more than 3 dozen countries and all 7 oceans and gives insight into a gritty and lawless realm rarely seen, populated by traffickers and smugglers, pirates and mercenaries, vigilante conservationists and elusive poachers, clandestine oil dumpers, and more. Tune into the first episode here.
With support from Bloomberg Philanthropies’ clean air program, World Resources Institute (WRI) India worked with the government of Surat and the Gujarat Pollution Control Board to create the Surat Clean Air Action Plan to help the city of Surat improve air quality and public health for its residents. The comprehensive action plan outlines innovative practices that will help tackle air pollution across the city, including implementing clean construction practices, minimizing open waste burning, promoting sustainable and zero vehicular emissions from public transport, and air quality monitoring to assess air polluting activities and the impact of mitigation measure. Read the plan here.
As part of NY Climate Week, America Is All In and Bloomberg partner Rocky Mountain Institute (RMI) hosted the “All In(duction) Cooking Workshop.” The workshop, led by sustainability-focused Chef Christopher Galarza, focused on how induction stoves are not only better than gas cooktops for health, they also help fight climate change as a result of the electrification of buildings and homes. Energy efficient and delicious! Get your cooking tips here.
Bloomberg Philanthropies and TERI (The Energy and Resources Institute) partnered up to host an event on how the global transition to clean energy prioritizes affordability and inclusivity. Over 250 people from research institutions, NGOs, civil society and more attended the discussion, which addressed the need to bridge data gaps, invest in scalable technology, and the deep potential for new markets and job creation. The event was anchored by the UN’s Sustainable Development Goal 7, which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. Learn more here.
Mike addressed the Global Clean Energy Forum by video at this year’s Clean Energy Ministerial in Pittsburgh. Directly following the UN General Assembly, the Global Energy Forum convened governments representing most of the world’s GHG emissions and 90% of public investment in clean energy, along with international organizations, financiers and industry leaders to discuss what is needed to speed up the deployment of clean energy infrastructure and technology globally. In his remarks, Mike called for swift collaboration between public and private sector leaders to knock down barriers to clean energy investment and pick up the pace ahead of COP27, saying “Speeding up the switch to clean energy is more important – and more urgent – than ever. And the more we all work together the faster we can make progress. Doing that will take all of us: businesses in every industry…and leaders at every level of government.”
Bloomberg Philanthropies joined with partners including EDF, WCS, WWF and more to announce the Nature Zone pavilion at COP27, where Bloomberg will support programming and events dedicated to showcasing the ocean’s critical role in the fight against climate change. Read more here.
BloombergNEF (BNEF) revealed that global passenger electric vehicle (EV) sales grew by 63% (year-on-year) in the first half of 2022, to nearly 4.3M units. The data is part of BNEF’s updated ‘dashboard’ tracking the latest progress on zero-emission vehicles adoption, covering key statistics such as vehicle sales, charging infrastructure deployment and oil demand impacts. The dashboard has been produced for the Zero-Emission Vehicles Transition Council (ZEVTC), in consultation with the UK Department for Business, Energy and Industrial Strategy (BEIS) and the US Environmental Protection Agency (EPA). Read more here and view the full dashboard here.
America Is All In, co-chaired by Mike, launched the SME Climate Hub to help empower small to medium sized companies take climate action and build resilient businesses for the future. The Hub is an initiative of the We Mean Business Coalition, the Exponential Roadmap Initiative and the United Nations Race to Zero campaign, in collaboration with Normative and the Net Zero team at Oxford University and will help ensure small businesses continue to make profits while cutting their emissions. Read more here.
Hosted by Mike, the Emerging + Frontier Forum 2022 convened heads of state, ministers, central bank governors and top executives in NYC to share their insights into the opportunities, risks, and growth potential of emerging global economies. The Forum covered topics such as: funding a sustainable future in emerging markets, ensuring a just and affordable energy transition and addressing the financing gap, and long-term economic recovery in Ukraine. Read more here.
Glasgow Financial Alliance for Net-Zero (GFANZ) released a new report that gives practical steps for companies to do more, faster to achieve net-zero emissions. Mary Schapiro spoke at a London Stock Exchange Group event about the report and the role that financial institutions like banks and asset managers can play in addressing climate change. Read the report here.
BloombergNEF (BNEF) released its latest Energy Transition Factbook in partnership with the Clean Energy Ministerial and Bloomberg Philanthropies. The publicly available Factbook was released in time for the annual Clean Energy Ministerial meetings in Pittsburgh this week and highlights how the world is progressing toward lower-carbon energy sources. The Factbook finds that a record of $705 billion was invested in energy transition technologies in 2021 in member countries of the Clean Energy Ministerial. Read more here and view the full factbook here.
As UN Special Envoy, Mike met with Prime Minister Aziz Akhannouch in New York City to develop plans in support of Morocco’s ambitious plans for clean energy transition.
In a special edition of the Sunday Times on Sustainable Investing, Bloomberg LP’s Head of Sustainable Finance Solutions Patricia Torres discussed how climate change and its impact on companies require investors to consider ESG data to inform decisions. Read the piece here .
Bloomberg Philanthropies and the Governments of Belgium and Nigeria brought together presidents, prime ministers, and key decision makers from Blue Leader nations to catalyze high-level political support to protect at least 30% of the ocean through a global network of highly and fully protected marine areas by 2030. See more here .
BNEF released its annual Power Transition Trends report, which highlighted that the world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2022. The report also found that at the same time, overall electricity demand, production from coal-fired power plants, and emissions all surged in 2021 as the global economy regained its footing following the Covid-19 pandemic. Read more here .
The Climate Data Steering Committee, which was formed by Mike and French President Emmanuel Macron and chaired by Mary, unveiled recommendations on the design of a new open-data utility, the Net-Zero Data Public Utility (NZDPU), and how it should address data gaps, inconsistencies, and inaccessibility that slow climate action. Read more about the NZDPU here .
Mike announced Bloomberg-wide presence at the upcoming Conference of the Parties (COP27) in Sharm El-Sheikh, Egypt, as well as the launch of the Bloomberg Countdown to COP27 – a 45-day long series of initiatives and commitments aimed at delivering on UN Secretary-General António Guterres’ call for urgent climate action leading into this year’s COP. Read more here .
With more than 15 partners, including Hip Hop Caucus, Beyond Plastics, Rise St. James, JHU, Earthjustice and RMI, Mike launched Beyond Petrochemicals – a new $85 million campaign that will aim to halt the rapid expansion of petrochemical and plastic pollution in the United States and safeguard the health of American communities. Read more here .
Patti announced Bloomberg Philanthropies’ new investment of $204 million to protect coral reefs, stop illegal fishing, and safeguard marine ecosystems and biodiversity that are at risk from the growing impacts of climate change. Investing $364 million since 2014 in ocean protection, the Bloomberg Ocean Initiative will aid countries in their goal of protecting 30% of the ocean by 2030. Read more about the announcement here .
Mike announced 15 new countries of focus for Bloomberg Philanthropies’ clean energy transition program, including Botswana, Cambodia, Democratic Republic of the Congo, Egypt, Ethiopia, Ghana, Madagascar, Morocco, Mexico, Philippines, Rwanda, Senegal, Tanzania, Thailand, and Uganda. The expansion delivers on Mike’s commitment at COP26 in Glasgow to help shutter or cancel a quarter of the world’s coal plant capacity by 2025. Read more about the announcement here .
Mike and UN Climate Change High-Level Champions Nigel Topping and Dr. Mahmoud Mohieldin brought together climate leaders from around the world for the United Nations Climate Action: Race to Zero and Resilience Forum. Speakers and special guests included Mark Carney, Jane Goodall, Catherine McKenna, Dr. Mahmoud Mohieldin, Alok Sharma, H.E. Sameh Shoukry, Simon Stiell, Frans Timmermans, and youth activists gathered to discuss pathways to a just and resilient net-zero future. Learn more here .
Against the backdrop of UNGA, Bloomberg Philanthropies co-hosted The Earthshot Prize Innovation Summit, bringing together heads of state, government leaders, philanthropists, business executives, and grassroots climate activists from around the world to showcase, replicate, and scale groundbreaking solutions needed to tackle the world’s most pressing environmental challenge. Read more here .
Top photo: Underwater diver in the Rea Sea near Sharm El-Sheikh, Egypt
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