Press & Media
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.
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.
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.
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.
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.
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.
A new research report, “Low Carbon Futures in Canada: The Role of Urban Climate Change Mitigation” released today explores Canadian cities’ commitments to urban GHG emissions reduction efforts and outlines concrete opportunities for further action, including shifting focus beyond energy and enlisting federal support for these initiatives.
The report, written by Torrie Smith Associates with the support of Bloomberg Philanthropies and Stockholm Environment Institute, found that Canadian cities and local governments are essential to creating a breakthrough for a low carbon future in Canada. More than 80 percent of Canadian citizens live in the top 10 largest metropolitan areas – making Canada’s population among the most urban globally. Despite this fact, only 46 percent of Canada’s overall emission footprint is generated in urban areas, compared with the global average of 70 percent.
A new research report – The Role of Chinese Cities in Greenhouse Gas Emission Reduction – released today at the U.S. China Climate Leaders Summit in Los Angeles highlights the crucial role of Chinese cities in greenhouse gas (GHG) emissions reduction efforts and describes additional opportunities for urban climate action.
The report, issued by the China Energy Group of Lawrence Berkeley National Laboratory and Stockholm Environment Institute with the support of Bloomberg Philanthropies, found that China’s urban energy-related CO2 emissions are responsible for 58% of China’s total energy-related CO2 emissions. These urban emissions are dominated by emissions from manufacturing facilities, industrial parks, and heavy industries such as cement and steel plants located near cities. Buildings represent about a quarter of urban CO2 emissions, divided relatively evenly between residential and commercial/public buildings, while about 13 percent of emissions are from transportation.
Mayor Anne Hidalgo and Special Envoy Michael R. Bloomberg Announce Global “Climate Summit for Local Leaders”
Anne Hidalgo, Mayor of Paris, and Michael R. Bloomberg, the UN Secretary-General’s Special Envoy for Cities and Climate Change, announced that they will co-chair the Climate Summit for Local Leaders, on December 4, 2015, during the United Nations’ 21st Session of the Conference of Parties (COP21) in Paris.
Bloomberg Philanthropies Boosts Investment in Sierra Club to Retire U.S. Coal Fleet & Transition the Nation towards Clean Energy Sources
Bloomberg Philanthropies announced it will invest an additional $30 million in the Sierra Club to secure the replacement of half the nation’s coal fleet by 2017 with clean energy. The new round of funding builds on a previous commitment of $50 million, raising the foundation’s overall investment in the Sierra Club’s Beyond Coal campaign to $80 million. This adds to the successful, state-driven and community-based strategy that has made it possible for the U.S. to become a world leader in aggressive emission reductions.
Bloomberg Philanthropies and Partners Launch New Clean Energy Initiative to Limit Carbon Pollution From Power Plants and Spur Clean Energy Investments
Bloomberg Philanthropies and the Heising-Simons family announced the launch of a new Clean Energy Initiative to support state-based solutions that will ensure America has an energy system that is clean, affordable, and reliable. Advances in new energy technologies make it possible to achieve all three goals at once. A stronger, cleaner energy system will also pave the way for improved air quality and help fight the damaging health and economic impacts of climate change. The initiative will provide $48 million in grant funding to a broad range of stakeholders that will accelerate the transition of the U.S. power fleet toward cleaner electricity generation.
New Research Shows Cities Have The Potential To Reduce Annual Greenhouse Gas Emissions By 8 Gigatons By 2050 Over Current National Targets
UN Special Envoy for Cities and Climate Change Michael R. Bloomberg and C40 Cities Climate Leadership Group (C40) Chair and Rio de Janeiro Mayor Eduardo Paes today announced new research that shows that if all cities took on aggressive new efforts to reduce building, transportation and waste energy use, they could potentially reduce annual greenhouse gas (GHG) emissions by an additional 3.7 Gigatons (Gt) CO2e by 2030 over what national policies and actions are currently on track to achieve. By 2050, cities could cut annual GHG emissions by 8.0 Gt CO2e over what national policies are currently on track to achieve, the equivalent of cutting annual global coal use by more than half. Cumulatively, cities have the potential to reduce emissions by more than 140 Gt CO2e by 2050.
Bloomberg Philanthropies Makes $5 Million Impact Investment in Little Sun, Creators of Solar-Powered Lamps Delivering Light to Off-Grid Populations in Africa
Bloomberg Philanthropies today announced a $5 million impact investment in Little Sun, creators of portable, solar-powered lamps designed by co-founders: artist Olafur Eliasson and engineer Frederik Ottesen. The company works with local entrepreneurs to sell its lamps to households where electricity is scarce or unavailable, at prices that are affordable to families currently using costly and toxic kerosene for their lighting. Little Sun operates as a social business, created specifically to address a social problem rather than to maximize profits.
Michael R. Bloomberg, 108th Mayor of New York City, founder of Bloomberg LP and philanthropist, has been appointed by United Nations Secretary-General Ban Ki-moon to serve as Special Envoy for Cities and Climate Change. In this role, Michael R. Bloomberg will assist the Secretary-General in his efforts to mobilize action among cities as part of a strategy to combat climate change. As Special Envoy, Michael R. Bloomberg will work with other mayors both to increase their climate change-related commitments and to encourage national governments to do the same. He will also help bring solutions to the 2014 Climate Summit that will be held in New York, September 2014.
The appointment of a mayor as Special Envoy – a title generally reserved for former heads of state or government – reflects the growing influence and importance of cities in fighting climate change.
Bloomberg Philanthropies Launches The Vibrant Oceans Initiative, A $53 Million Commitment To Reverse Declining Fish Supply
Bloomberg Philanthropies today announced the launch of the Vibrant Oceans initiative, a commitment of $53 million over five years to promote reforms to boost fish populations in Brazil, the Philippines and Chile. Currently, over-fishing and destruction of important marine areas are threatening the global supply of fish. Reforming fishing practices in these countries will revitalize 7% of the world’s fisheries and will potentially serve as a model for future global reform efforts by providing insights into the best ways to protect the world’s fish supply.
Environmental Defense Fund (EDF) announced today that it has been awarded a 3-year, $6-million grant for its work to minimize the environmental impacts of natural gas operations through hydraulic fracturing. The funding will support EDF’s strategy of securing strong rules and developing industry best practices in the 14 states with 85 percent of the country’s unconventional gas reserves. The grant was awarded by Bloomberg Philanthropies, a recognized leader in global environmental efforts.
Today, mayors, delegations from the C40 Cities Climate Leadership Group and a U.S. President, assembled in Rio at Rio + C40: Megacity Mayors Taking Action on Climate Change, an event to highlight the concrete climate actions being taken by C40 Cities.
C40 Cities Climate Leadership Group and ICLEI – Local Governments for Sustainability, together with international partners, are launching a pilot version of the Global Protocol for Community-scale Greenhouse Gas Emissions (also called the “community protocol”). This landmark effort represents a significant step forward in harmonizing emissions measurement and reporting processes for cities of all sizes and geographies: the community protocol will be piloted in selected cities to establish a single minimum global standard for community-scale greenhouse gas (GHG) emissions measurement. A transparent, consistent and common approach provides cities with a much-needed tool for effective climate action planning and financing.
Bloomberg Philanthropies Commits $50 Million to Sierra Club’s Beyond Coal Campaign to Move America Toward Cleaner Energy
Today the Sierra Club announced a partnership with Bloomberg Philanthropies that will effectively retire one-third of the nation’s aging coal fleet by 2020, replacing it with clean energy. The partnership includes a $50 million commitment over four years to the Beyond Coal Campaign that will fuel the Sierra Club’s effort to clean the air, end the coal era, and accelerate the transition to cleaner, cost-effective energy sources.
The C40 Cities Climate Leadership Group (C40) and ICLEI – Local Governments for Sustainability, announced today at the C40 Cities Mayors Summit in Sao Paulo that the two organizations will establish a global standard for accounting and reporting community-scale greenhouse gas (GHG) emissions that can be used across multiple platforms. This common approach will help local governments to accelerate their emission reduction activities whilst meeting the needs of climate financing, national monitoring and reporting requirements. The standard will be released in time for UNFCCC COP 17 in November (Durban, South Africa).
Today the C40 Cities Climate Leadership Group (C40), a group of 40 large cities tackling climate change, and the World Bank formed a groundbreaking partnership that will help cities accelerate current actions to reduce greenhouse gas emissions and become more resilient to climate change. C40 Chair New York City Mayor Michael R. Bloomberg and World Bank Group President Robert B. Zoellick signed the agreement during the C40 Cities Mayors Summit in Sao Paulo, Brazil.
Today, President Bill Clinton and New York City Mayor Michael R. Bloomberg announced the expanded alliance between the C40 Cities Climate Leadership Group (C40) and the Cities Program of the Clinton Climate Initiative (CCI), a program of the William J. Clinton Foundation. Mayor Bloomberg serves as the Chair of the C40.
Mayor Michael R. Bloomberg and Toronto Mayor David Miller today announced that the C40 Steering Committee has elected Mayor Bloomberg to serve as chair of the C40 Climate Leadership Group, an association of major cities around the world committed to reducing carbon emissions and slowing climate change. Mayor Bloomberg will succeed Mayor Miller as C40 Chair in November. The C40, launched in 2005, provides leadership to communities worldwide to help them accelerate the reductions of carbon emissions. The Chair, along with the eight-member Steering Committee of other C40 mayors, guides the work of C40 by planning and measuring the results of local initiatives that reduce emissions from energy, waste, water supply and transport and increase cities’ resilience to climate change. The announcement took place at the New York City Accelerator for a Clean and Renewable Economy, which helps clean technology and renewable energy companies in New York City grow.