We're turbocharging the global clean energy transition
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John,
This week at the Sustainable Energy for All Forum in Kigali, Rwanda, Mike
announced a $242 million initiative to help 10 developing nations power their
futures with clean and renewable energy.
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"The investment is part of Mr. Bloomberg's push, announced last year, to shut
down coal production in 25 countries and builds on his $500 million campaign to
close every coal-fired power plant in the United States."
"Michael Bloomberg Plans a $242 Million
Investment in Clean Energy"
New York Times
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READ FULL COVERAGE
IN THE NEW YORK TIMES
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The investments will add 10 new countries to our existing clean energy work in
seven countries and the European Union. We're building on our previous efforts
to move the world away from coal and accelerate a global clean energy
transition.
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"We've seen that it's possible to increase access to affordable power, improve
public health, and fight climate change all at the same time -- and to make
progress quickly in each area," said Mike. "We have to spread that success
around the world, especially in developing countries that have contributed the
least to the climate crisis but are facing the most severe effects."
LEARN MORE
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By ramping up solar, wind, and other renewables, we can end reliance on fossil
fuels around the world.
The investments will allow African countries and countries around the world to
power homes, schools, hospitals, businesses and more with energy resources that
are cheaper and cleaner than fossil fuels.
Mike and Damilola Ogunbiyi, the CEO and Special Representative of the UN
Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy,
share why in their op-ed "Realizing Africa's Sustainable Energy Future."
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Africa "has rich solar- and wind-energy potential and has made great progress
using other renewable sources, including hydro, geothermal, and biofuels. But
without international support, including investments at scale, African
countries will not be able to expand energy access to all and still reach their
climate goals."
READ "REALIZING AFRICA'S
SUSTAINABLE ENERGY FUTURE"
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Thanks,
Bloomberg Philanthropies
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About our work
Bloomberg Philanthropies invests in 941 cities and 173 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 2021, Bloomberg Philanthropies distributed $1.66 billion.
Learn more at Bloomberg.org
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