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Bloomberg Philanthropies covers US Paris Agreement funding gap by end of 2025?
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Bloomberg Philanthropies to Fund UN Climate Body After Trump's Second Paris Agreement Withdrawal, as UN Special Envoy
Jan 23, 2025, 01:10 PM
Billionaire Michael Bloomberg has announced that his philanthropy, Bloomberg Philanthropies, along with other U.S. climate funders, will step in to fund the United Nations Framework Convention on Climate Change (UNFCCC) following President Donald Trump's second withdrawal of the U.S. from the Paris climate agreement. Bloomberg, who also serves as a UN special envoy on climate ambition and solutions, aims to ensure the U.S. meets its global climate obligations, including covering the funding gap left by the U.S. to the UNFCCC and upholding the country's reporting commitments. This move marks the second time Bloomberg has intervened to support the UNFCCC, having previously filled a similar gap from 2017 to 2020 during Trump's first term.
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