New Bloomberg Resource Lights Paths to A Net-Zero CO2 Future
NetZero Pathfinders platform surfaces dozens of proven, actionable policies ready to scale globally
New York, New York and London, United Kingdom – With 13 days to go until the critical next round of international climate talks, Bloomberg has launched a new online resource specifically intended to help policymakers find concrete, actionable solutions to address the climate crisis.
The NetZero Pathfinders platform leverages the expertise of BloombergNEF (BNEF), Bloomberg LP, Bloomberg Philanthropies and its partner organizations to offer a select, easily searchable catalog of policy ideas that have proven effective in cities, states and countries around the world. Through the site and an accompanying report, the initiative aims to illuminate paths to a net-zero future for policymakers needing to take action on climate.
“Setting ambitious net-zero goals is an important step for government and business leaders, and taking action to reach them is even more critical. Our NetZero Pathfinders platform is designed to help. The effort will provide leaders in both the public and private sectors with proven strategies and solutions to reduce carbon emissions,” said Michael R. Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies and the UN Secretary-General’s Special Envoy for Climate Ambition and Solutions. “When we take action at every level, we can make a real difference in the fight against climate change.”
With the volume and severity of extreme weather events growing and the planet warming, the existential threat of climate change can seem overwhelming and unconquerable. But around the world, policymakers have been implementing ideas in their jurisdictions that are now ready to go global. Pathfinders categorizes these efforts under four ‘pillars of net-zero strategies’:
- Accelerate deployment of mature climate solutions
- Support the development of new climate solutions
- Manage the transition or phase-out carbon-intensive activities
- Create appropriate climate transition governance structures
Launched at the BNEF Summit London NetZero Pathfinders identifies six major stakeholder groups affected by climate change who, alongside policy makers, are central to addressing it. Four are the largest CO2-emitting sectors of the global economy – energy, industry/materials, transportation and agriculture. The other two are the financial services community and civil society.
Pathfinders details 50 solutions to address these pillars that policymakers and others can implement today to progress in the race to net zero. These solutions also address the longer-term challenge of decarbonizing harder-to-abate sectors post-2030.
NetZero Pathfinders structure
Source: Bloomberg NetZero Pathfinders.
Contributing organizations to NetZero Pathfinders include the Tokyo Metropolitan Government, Seoul Metropolitan Government, The Commonwealth Secretariat, Climate Finance Leadership Initiative (CFLI), Bloomberg New Economy Forum, Ashden, Global Covenant of Mayors for Climate & Energy, and C40 Cities.
All respective resources are available via the Pathfinders website at: www.bloomberg.com/netzeropathfinders. The NetZero Pathfinders Status Report, which explains the platform’s approach is publicly available here https://bloomberg.com/netzeropathfinders/report.
Since there is no single path to decarbonization and solutions can vary widely by sector or jurisdiction, the NetZero Pathfinders platform is structured as a flexible and ongoing framework that can continually evolve. NetZero Pathfinders encourages engagement from all types of stakeholders and invites further examples of progress in the race to zero. To learn more or to share your success stories, reach out to: firstname.lastname@example.org.
About Bloomberg on Climate
Led by Michael R. Bloomberg, a global climate champion and Special Envoy to the UN Secretary-General, Bloomberg is tackling the climate crisis from every angle.
Bloomberg Philanthropies is at the forefront of U.S. and global efforts to fight climate change and protect the environment across a key array of issues. Bringing together mayors and other government and business leaders, grassroots partners, and environmental advocates, Bloomberg Philanthropies implements bold programs that tackle the climate crisis and help build a more sustainable, resilient, and equitable economy. Its efforts are accelerating the transition from coal to clean energy, improving air quality and public health, advancing city climate action, protecting and preserving ocean ecosystems, and helping unlock billions of dollars in sustainable finance.
Bloomberg L.P. provides the global financial community with data-driven insights, news, and analysis to help them integrate an ESG lens across the investment process. As a company, Bloomberg L.P. is also leading by example, including committing to net-zero carbon emissions by 2025 and taking action in the communities where its employees live and work. And through Bloomberg’s stewardship of the Task Force on Climate-related Financial Disclosures and the Climate Finance Leadership Initiative, Bloomberg is using the power of the capital markets to address climate change and support the transition to a net-zero economy.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.
About Bloomberg Philanthropies
Bloomberg Philanthropies invests in 810 cities and 170 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on five key areas for creating lasting change: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a pro bono consultancy that works in cities around the world. In 2020, Bloomberg Philanthropies distributed $1.6 billion. For more information, please visit bloomberg.org or follow us on Facebook, Instagram, YouTube, and Twitter.
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.