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Press Releases

Environment

Zero-Emission Vehicle Adoption is Accelerating, But Stronger Push is Needed to Stay on Track for Net Zero

November 17, 2022

Adoption of zero-emission vehicles accelerated in the past year across almost all markets and vehicle segments, according to the 2022 Zero-Emission Vehicles Factbook published by research company BloombergNEF (BNEF) at COP27 in Egypt.

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Arts

Bloomberg Philanthropies Launches 2022 Public Art Challenge for U.S. Cities

November 15, 2022

Bloomberg Philanthropies announced the launch of the 2022 Public Art Challenge, which invites mayors of U.S. cities with 30,000 residents or more to apply for up to $1 million in funding to create temporary public art projects that address important civic issues.

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Environment

Africa Clean Energy Investment Sees No Post-Pandemic Rebound

November 9, 2022

As leaders gather in Egypt for the latest round of UN climate talks with the energy transition and economic development very much on the agenda, new research from BloombergNEF (BNEF) finds that renewable energy investment in Africa trails far behind the rest of the world.

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Environment

Global Carbon Trust to Develop Necessary Market Infrastructure for Scaling the Voluntary Carbon Markets

November 8, 2022

At COP27, Three Cairns Group and Bloomberg Philanthropies announced a new initiative to form the Global Carbon Trust (GCT), and the Carbon Storage Governing Council (Governing Council). These organizations will drive innovation and transparency and help scale the voluntary carbon markets (VCM).

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Environment

U.S. State Department And Bloomberg Philanthropies Announce Support For The Subnational Climate Action Leaders’ Exchange

November 8, 2022

U.S. Special Presidential Envoy for Climate John Kerry and Michael R. Bloomberg, Special Envoy to the UN Secretary-General on Climate Ambition and Solutions and Founder of Bloomberg LP and Bloomberg Philanthropies, jointly announced the launch of the Subnational Climate Action Leaders’ Exchange (SCALE), a first–of-its-kind initiative to support cities, states, and regions in the development and implementation of net-zero, climate-resilient targets and roadmaps.

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Environment

New Report Reveals U.S. Cities, States, and Businesses Can Bridge an 11 Percent Emissions Reductions Gap and Deliver U.S. Climate Target, Regardless of Midterm Outcomes

November 8, 2022

America Is All In Co-Chair and UN Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg, unveiled a new report, An All-In Pathway to 2030: The Beyond 50 Scenario, which reveals that with ambitious action from U.S. cities, states and businesses, the U.S. can deliver on or exceed its international climate commitments.

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Environment

Heads of State and Ministers Announce New Support for 30×30 Targets, Bringing 112 Countries Now Committed to Protecting at least 30% of Land and Ocean by 2030

November 7, 2022

On the first day of COP27, presidents and ministers from Palau, Nigeria, Costa Rica, the United Kingdom, France, and the United States have today affirmed their support for the 30×30 target which commits countries to a global effort to achieve the protection of at least thirty percent of the planet’s land and ocean by 2030 to help curb biodiversity loss and climate change.

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Environment

Bloomberg Philanthropies and Goldman Sachs Backed Climate Innovation and Development Fund Announce Its First Blended-Finance Investments

November 7, 2022

The Bloomberg Philanthropies and Goldman Sachs-backed Climate Innovation and Development Fund (“the Fund”) has completed its first set of blended-finance investments focused on innovation across the sustainable transport sector in each of India and Vietnam. These initial investments are the first realization of the Fund’s potential to unlock up to $500 million in private sector and governmental investments in support of sustainable low-carbon economic development with a focus on South and Southeast Asia.

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Environment

Michael R. Bloomberg Deepens Commitment to Moving the World Beyond Coal with Plan to Turbocharge Clean Energy Finance in Global South

November 7, 2022

At COP27 Michael R. Bloomberg, UN Special Envoy on Climate Ambition and Solutions – alongside His Excellency Nana Akufo-Addo, President of the Republic of Ghana, Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy, and Mark Carney, UN Special Envoy for Climate Action and Finance and Bloomberg Philanthropies Board Member – announced an expanded approach to help realize his longstanding mission to move the world beyond coal.

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Environment

2021 Support For Fossil Fuels by G-20 Nations Reached Highest Level Since 2014

November 1, 2022

BloombergNEF and Bloomberg Philanthropies’ report reveals G-20 member countries provided almost $700 billion in support for coal, oil, gas and fossil-fuel power in 2021 – up 16% from the year before.

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