Highlights from COP26 in Glasgow
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In the 60 days leading up to COP26 in Glasgow, we took 85 actions across
Bloomberg to accelerate climate progress in support of the UN’s climate agenda.
And we didn't slow down when COP kicked off earlier this week.
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On the ground in Glasgow, Mike packed in meetings with global leaders from
government and business, called for organizations and institutions around the
world to set ambitious climate goals, and announced support for a number of
vital efforts to turbocharge the fight against climate change.
This edition of the Impact Newsletter shares highlights from COP26, and
showcases the initiatives and partners who helped ensure that we made real
progress in Glasgow.
— Bloomberg Philanthropies
WATCH: Mike's Week in Glasgow <[link removed]>
The gathering in Glasgow has been extraordinarily consequential for the future
of the planet. Mike spent his days meeting with world leaders, convening with
partners, and focused on his top priorities as UN Special Envoy: accelerating
the clean energy transition, elevating local climate action, and mobilizing
climate finance. Watch the video recap.
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Ending Coal Use Around the World
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In Glasgow, Mike announced the next phase of Bloomberg Philanthropies' global
coal work — an effort to close a quarter of the world's 2,445 remaining coal
plants and cancel all 519 proposed coal plants by 2025. After successfully
helping retire two-thirds of coal-fired power plants in the U.S. and half in
Europe, we are expanding to 25 new countries across six continents. As Mike
wrote this week inan opinion piece for Yahoo! Finance
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: “The single greatest cause of climate change is burning coal. More than any
other pollutant, coal has the power to defeat us in the battle to stop
temperatures from rising to catastrophic levels."Read the op-ed
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, watcha video featuring Mike's announcement
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in Glasgow, and learn more about theexpanded efforts to end coal use globally
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LEARN MORE
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A Whole-Of-Society U.S. Commitment to Climate Action
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The Biden-Harris Administration and non-federal leaders from America Is All In
came together at COP26 to celebrate the re-engagement of the U.S. federal
government in the global climate effort, and show the momentum across sectors
for ambitious climate action. Bloomberg Philanthropies is committing $10
million in funding to ensure that a whole-of-society approach continues as the
U.S. works to pass and implement climate policies, and cities, states,
businesses, and other organizations collaborate on climate research, campaigns,
and advocacy.
LEARN MORE
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From LA to Bogotá to London, Global Mayors Unite to Deliver Critical Momentum
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In Glasgow, Los Angeles Mayor Eric Garcetti announced the successful delivery
of the UN-backed Race to Zero campaign — with over 1,000 cities committed —
before handing the baton over to C40 Chair-elect London Mayor Sadiq Khan, who
outlined his bold new vision for what cities can deliver in the fight against
climate change.
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Mike, Mark Carney to Co-Chair Glasgow Financial Alliance for Net Zero
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Mike will serve as co-chair along with Mark Carney to lead the Glasgow
Financial Alliance for Net Zero <[link removed]>, a private
sector-led initiative anchored in the Race to Zero framework. The alliance —
which includes more than 450 financial institutions representing over $130
trillion in assets across 45 countries — is committed to accelerating and
mainstreaming the decarbonization of the world economy and reaching net-zero
emissions by 2050. The two co-chairs also pennedan opinion piece
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about financing the transition to clean energy.
Learn more →
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Meeting with Business Leaders to Accelerate the Race to Net Zero
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U.S. Treasury Secretary Janet Yellen and Mike convened senior business leaders
to discuss green challenges, innovations and future solutions. Thousands of
organizations — from businesses to governments to civil society — are committed
to reducing their carbon footprints in line with the Race to Zero Campaign. In
particular, hundreds of global financial institutions have made net-zero
commitments. AsMike tweeted
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leaders understand that climate change isn't just an environmental threat. It's
an economic threat."
Learn more about Race to Zero→
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Photo Spotlight
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Mike and His Royal Highness Prince William hosted the finalists and winners
of the Earthshot Prize in Glasgow. See more images in theLatest News section of
our COP26 page <[link removed]>, and watch Mike
and Prince William
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the Earthshot participants at the event.
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More Stories
Bloomberg at COP26: See All the News and Announcements From Glasgow
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About our work
Bloomberg Philanthropies invests in 810 cities and 170 countries around the
world to ensure better, longer lives for the greatest number of people. The
organization focuses on five key areas for creating lasting change: Public
Health, Education, Government Innovation, Environment, and the Arts.
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Public Health
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Education
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Government
Innovation
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Environment
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The Arts
Bloomberg Philanthropies encompasses all of Michael R. Bloomberg's giving,
including his foundation, corporate, and personal philanthropy as well as
Bloomberg Associates, a pro bono consultancy that works in cities around the
world. In 2020, Bloomberg Philanthropies distributed $1.6 billion.
Learn more at Bloomberg.org
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