Press & Media

Bloomberg Philanthropies Announces Funds to Support Local Economic Development Efforts in Coal Communities and Launches National Fundraising Campaign

Bloomberg Philanthropies announced funding to three organizations supporting economic development work in coal communities affected by job losses and industry decline. The funds will be used by the Coalfield Development Corporation, the Just Transition Fund, and the Western Organization of Resource Councils to provide job training programs, foster economic development and offer new career opportunities in communities affected by the decline in coal industry employment.

A Global Plan to Save Coral Reefs from Extinction

A global plan to save coral reefs from complete eradication caused by climate change, pollution and poor fishing practices launched today at The Economist World Ocean Summit in Bali. The initiative, called 50 Reefs, brings together leading ocean, climate and marine scientists as well as conservation practitioners from around the world to develop a list of the 50 most critical coral reefs to protect.

50 Reefs will be the first global plan to save the most biodiverse ecosystem on the planet. The final list and corresponding initiatives, to be announced later this year, will raise awareness of the increasing severity of climate change impacts on the ocean and catalyze the global action and investment required to protect these important reef systems for the future.

U.S. Department of State and Bloomberg Philanthropies Launch Second Our Cities, Our Climate Exchange to Advance Local Climate Action

The U.S. Department of State and Bloomberg Philanthropies announced the start of the second annual Our Cities, Our Climate exchange, a 10-day program that brings together 17 urban sustainability directors from 16 countries committed to taking measurable climate action. The sustainability directors will attend collaborative sessions in San Francisco, Austin, and Washington, D.C. to highlight and advance city leadership on climate action.

1 Trillion USD Investment Needed in Five Years to Build Low-Carbon Cities in China

A new research report series Green Finance for Low-Carbon Cities, authored by the Paulson Institute, Energy Foundation China and the Chinese Renewable Energy Industries Association, estimates that 6.6 trillion RMB ($1 trillion) will be required over the next five years to build low-carbon cities in China. This includes investments in efficient buildings, low-carbon transportation and clean energy in Chinese cities. The research is supported by Bloomberg Philanthropies and the Green Finance Committee of China Society for Banking and Finance and is part of an initiative that aims to develop innovative financing solutions to support sustainable urbanization in China.

Bloomberg Philanthropies Poll Finds Broad Support for Clean Power Plan Among Voters in States Suing EPA to Block Rule

Bloomberg Philanthropies released the results of a poll that examined the attitudes of voters toward the Clean Power Plan (CPP) in four key states: Florida, Michigan, Missouri, and Wisconsin. In each of these states, attorneys general have sued the U.S. Environmental Protection Agency to block the CPP from being enacted. However, the polling found widespread support for the CPP and concretely showed that attorneys general Brad Schimel (WI), Pam Bondi (FL), Bill Schuette (MI), and Chris Koster (MO) are out of step with their constituents. Additionally, the poll found that the majority of voters in Florida, Michigan and Wisconsin, and a plurality of Missouri voters, were more likely to vote for a presidential candidate who also supported the plan.

FSB announces membership of Task Force on Climate-related Financial Disclosures

Financial Stability Board (FSB) Chair Mark Carney announced in Paris on 4 December 2015 the establishment of an industry-led Task Force on Climate-related Financial Disclosures (TCFD), with Michael R. Bloomberg as chair, and that the initial membership of the Task Force would be announced in due course.

The FSB announced the initial membership of the Task Force, which will develop voluntary, consistent climate-related financial disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders.

Report: Cities and Nations Must Align Policies to Achieve a Low-Carbon Future

A new research report, “What cities do best: piecing together an efficient global climate governance,” explores how city actions to combat climate change will be enhanced and expedited with support from national governments. The report notes that greenhouse gas (GHG) emission reductions in urban areas will require concerted actions at all levels of government, and increased policy coordination and “vertical integration” are necessary to achieve deeper GHG reductions.

South African Cities Focus on Emissions Reduction to Fuel Economic Growth and Development

A new research report, “Potential Role of Urban Greenhouse Gas Abatement in South Africa,” explores South African cities’ commitments to urban GHG emissions reduction efforts and how these actions can boost economic activity, lower the environmental effects of sprawl and help cities overcome historical spatial distortions that impact impoverished communities.  The report found a substantial decoupling of urban economic growth from energy and carbon intensity.

Brazilian Cities Aligning Growth with Sustainable Urban Development

A new research report, “The Contribution of Low-carbon Cities to Brazil’s Greenhouse Gas Emissions Reduction Goals” explores the significant opportunities for urban GHG emissions reductions in Brazilian cities, and highlights how these efforts can support broader national development goals as the urban population continues to grow. The report outlines specific opportunities for further action, including increasing mitigation ambition in the buildings, transportation and waste sectors; it also notes the importance of ensuring that climate policies in Brazil support urban development efforts, which will address poverty and equity issues.

Olafur Eliasson to Launch Major Public Artwork at UN Climate Summit in Paris

Acclaimed visual artist Olafur Eliasson, in collaboration with distinguished geologist Minik Rosing, announced the upcoming launch of a major public artwork on display during the UN Climate Summit (COP21) in Paris. Supported by Bloomberg Philanthropies and realised in partnership with creative sustainability charity Julie’s Bicycle, Ice Watch will showcase 80 tonnes of ice from a fjord outside Nuuk, Greenland with the aim of inspiring public action against climate change.