Countdown to COP27
Sharm El-Sheikh, Egypt
November 7 – 12, 2022
Days Until COP27:
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.
AMERICA IS ALL IN AND RMI HOSTED A CLIMATE-FRIENDLY COOKING CLASS:
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 ADDRESSED HOW TO ENSURE AN INCLUSIVE ENERGY TRANSITION:
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 DELIVERED REMARKS AT THIS YEAR’S GLOBAL CLEAN ENERGY ACTION FORUM:
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 ANNOUNCED SUPPORT FOR THE NATURE ZONE PAVILION AT COP27:
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.
BNEF TRACKS GROWTH OF ZERO EMISSION VEHICLES ADOPTION.
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 HELPED LAUNCH THE U.S. SME CLIMATE HUB.
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.
MIKE HOSTED A FLAGSHIP FORUM THAT DISCUSSED THE IMPORTANCE OF ENSURING A JUST AND AFFORDABLE ENERGY TRANSITION IN EMERGING ECONOMIES.
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.
GFANZ RELEASED GUIDANCE ON STEPS COMPANIES CAN TAKE TO REDUCE EMISSIONS.
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.
BNEF AND BLOOMBERG PHILANTHROPIES SHED LIGHT ON ENERGY TRANSITION FOR POLICYMAKERS.
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.
MIKE MET WITH THE MOROCCAN PRIME MINISTER TO DISCUSS THE IMPORTANCE OF ACCELERATING THE CLEAN ENERGY TRANSITION.
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.
BLOOMBERG LP SHARED ESG INSIGHTS WITH INVESTORS.
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 HOSTED THE BLUE LEADERS.
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 REVEALED RENEWABLES MADE A RECORD CONTRIBUTION TO ENERGY GRIDS IN 2021.
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.
MARY SCHAPIRO AND THE CLIMATE DATA STEERING COMMITTEE UNVEILED NET ZERO DATA PUBLIC UTILITY RECOMMENDATIONS.
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’S COMMITMENT TO TURBOCHARGING CLIMATE ACTION AHEAD OF AND AT COP27.
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.
MIKE LAUNCHED A NEW $85 MILLION CAMPAIGN TO STOP PETROCHEMICAL POLLUTION.
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.
BLOOMBERG PHILANTHROPIES DOUBLED DOWN ON OCEAN PROTECTION.
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 EXPANDED BLOOMBERG PHILANTHROPIES’ GLOBAL CLEAN ENERGY TRANSITION PROGRAM.
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.
BLOOMBERG PHILANTHROPIES AND THE UNITED NATIONS RACE TO ZERO & RESILIENCE CHARTED THE PATH TO NET-ZERO.
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.
BLOOMBERG PHILANTHROPIES AND THE EARTHSHOT PRIZE SCALED INNOVATIVE SOLUTIONS IN NYC.
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