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Michael Bloomberg steps in to help fund UN climate body after Trump withdrawal

  • Michael Bloomberg announced that his foundation will fund the UN Climate Change body after President Donald Trump declared the United States would withdraw from the Paris Agreement for the second time.
  • Bloomberg's funding aims to cover the 22 percent of the UN Climate Change budget typically provided by the United States, which is projected at 88.4 million euros for 2024-2025.
  • Bloomberg previously pledged up to $15 million to support the UN Climate Change body after Trump's first withdrawal from the Paris Accord in 2017.
  • UN Climate Chief Simon Stiell stated that contributions like Bloomberg's are vital for supporting countries in fulfilling their commitments under the Paris Agreement.
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