Billionaire Michael Bloomberg announced Thursday that his foundation will step in to 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 intervention aims to ensure the United Nations Framework Convention on Climate Change (UNFCCC) remains fully funded despite the United States halting its contributions.
The United States typically provides 22 percent of the UNFCCC secretariat’s budget, with the body’s operating costs for 2024-2025 projected at 88.4 million euros ($96.5 million).
“From 2017 to 2020, during a period of federal inaction, cities, states, businesses, and the public rose to the challenge to uphold our nation’s commitments — and now, we are ready to do it again,” Bloomberg, who serves as the UN Special Envoy on Climate Ambition and Solutions, said in a statement.
This marks the second time Bloomberg has stepped in to fill the gap left by US federal disengagement.
In 2017, following the Trump administration’s first withdrawal from the Paris accord, Bloomberg pledged up to $15 million […]
But for rampant anti-Semitism, Bloomberg would have made a great president! His concerns are about the people, not himself! Too bad this country’s voters didn’t recognize goodness, intelligence, and love of country in the last election.
Nearly all weather is now extreme—rain, floods, fires, snow, heat, cold, tornadoes, hurricanes–and yet No.2 chose to remove the US once again from the Paris Accord. He already has the distinction of being one of America’s worst presidents. Now he will solidify that designation!
Well isn’t that wonderful – a billionaire with a conscious. Since the system appears totally incapable of taxing them at a reasonable rate, at least he will try to do something positive with his money. He was one of the first elites attempting to overtly control political office in NYC. We certainly see the same across the river in New Jersey who as a taste for Wall Street Millionaires. Interesting how both parties mirror each other in that respect. Bravo to you Mr. Bloomberg. Maybe you’ll shame your billionaire colleagues. I doubt it, but it’s possible.