Science shows that climate impacts are consistently getting worse: carbon pollution is heating the planet, and we are approaching a tipping point. There is no time to waste – we need to move Beyond Carbon.
The urgency of the climate crisis is why Mike Bloomberg committed an additional $500 million to the Beyond Carbon campaign in 2023. This new investment will fast-track proven strategies to close the door on fossil fuels and usher in a new era of clean energy in the U.S.
It will also help ensure the U.S. stays on track to meet our global climate commitments.
The Beyond Carbon campaign is one of the largest philanthropic efforts to fight the climate crisis in the U.S. Beginning in 2011, when Bloomberg Philanthropies committed $50 million to the Sierra Club’s Beyond Coal campaign, the movement has played a catalytic role in U.S. climate policy.
After nearly a decade of progress on Beyond Coal, Bloomberg launched Beyond Carbon in 2019 with an initial $500 million commitment to help finish the job transitioning the country from coal and other fossil fuels to 100 percent clean power.
To date, Beyond Carbon has helped secure the retirement of more than 70 percent of U.S. coal plants and stopped more than 30 percent of planned gas capacity. This work has helped achieve more than 80 percent of all U.S. emissions reductions since 2010 and plant closures from the campaigns are estimated to have saved 49,900 lives, prevented nearly 77,500 heart attacks, and saved billions in healthcare costs.