Bloomberg Philanthropies’ Clean Energy Program works across sectors and with a variety of partners globally to actuate change in existing energy systems, forcing dirty fuels out of the energy mix and lowering the policy and market barriers to renewables, efficiency and other clean, low-carbon energy solutions.
As innovative businesses and entrepreneurs continue to drive down the cost of clean, low-carbon energy, Bloomberg Philanthropies is helping to move the economy beyond coal and other polluting energy sources and towards a safer, more sustainable future.
APPLYING THE BLOOMBERG PHILANTHROPIES APPROACH TO A CLEANER POWER GRID
With the Clean Energy Program, we’re helping to end the world’s reliance on dirty coal and shift the power sector to a cleaner future. We work community-by-community to bring about practical solutions to the climate and energy challenge.
Beginning in the United States through our support of the Sierra Club’s Beyond Coal campaign, we’re shutting down more coal plants. We have already secured commitments to close more than 265 coal-fired power plants, and these retirements have driven U.S. carbon emissions to their lowest levels in over two decades, cutting air pollution and protecting public health in the process.
In the United States, our Clean Energy program also includes support for a pioneering effort to ensure that natural gas is drilled, transported and consumed as safely as possible. When extracted and burned responsibly, natural gas is less carbon-intensive than coal, and releases far fewer toxic pollutants such as mercury, smog and soot. Bloomberg Philanthropies works with the Environmental Defense Fund and a variety of partners, including local organizations, universities and research institutions, to lead on this issue.
And with our Clean Energy Initiative, we are bringing together dozens of local and state partners, as well as regional and national groups including the Environmental Defense Fund and the Natural Resources Defense Council, to limit carbon pollution from the power sector and spur new clean energy investments.
We have now expanded our support and commitment to shifting global power systems beyond coal in Europe. We partnered with the European Climate Foundation who is helping expand our efforts across the Atlantic where a network of civil society groups is leading a similar effort to support efforts to move the European Union Beyond Coal. As of 2016, coal was responsible for 18 percent of Europe’s greenhouse gas emissions and led to 19,500 premature deaths annually.
Bloomberg Philanthropies works with a range of partners on federal, state and local initiatives to retire coal-fired power plants and replace their capacity with cleaner power sources like solar and wind energy.
METRICS AND DATA
Bloomberg Philanthropies and our partners place a strong emphasis on accountability and results by using outcome-driven performance metrics and setting clear goals to measure and evaluate progress.
Our partnerships with groups like the Sierra Club, which has members and volunteers in cities and towns across the country, reflect our vision of tackling climate change through local action at the community level.