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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's withdrawal from the Paris Agreement for the second time.
  • Bloomberg's efforts aim to ensure the UN Framework Convention on Climate Change remains funded despite the U.S. halting its contributions.
  • The UN Climate Change Secretariat's operating costs for 2024-2025 are projected at 88.4 million euros .
  • Bloomberg reiterated his commitment to uphold U.S. reporting obligations under the Paris Agreement, stating that contributions are vital for supporting countries' commitments.
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Lean Left

If Donald Trump has ordered the withdrawal of the United States from the Paris Agreement, there are those who will take charge of the financial vacuum that the new administration will leave in terms of climate commitments. Michael R. Bloomberg, former mayor of New York and now UN special envoy for ambition and climate solutions, announced that his Bloomberg Philanthropies and other US funders will ensure compliance with climate commitments by th…

·Rome, Italy
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Lean Left

The Bloomberg Foundation announced on the 23rd that it will make up for the gap in contributions caused by the Trump administration's withdrawal from the Paris Agreement, an international framework for climate change measures. In a statement, it said, "The American people are determined to fight the devastating effects of climate change," and emphasized that state governments and the private sector will take the lead in fulfilling their obligati…

·Chiyoda, Japan
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Forbes broke the news in United States on Thursday, January 23, 2025.
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