Clean energy in the Global South, empowering cities and states, mobilizing
climate finance, and more
<[link removed]>
John,
Last week in Sharm El-Sheikh, Egypt, Mike joined heads-of-state, business
leaders, youth climate activists, and others for the latest UN Climate
Conference, COP27.
After the commitments made last year at COP26 in Glasgow, the focus at COP27
was on transforming climate ambitions and goals into real progress. Mike
arrived with five top priorities:
🌎 The global energy transition
🌎 Local climate solutions
🌎 Combating air pollution
🌎 Mobilizing climate finance
🌎 Protecting the ocean
Check out highlights from COP27 below and see how the announcements and
initiatives delivered on Mike's priorities.
Turbocharging Climate Progress: COP27 Highlights
<[link removed]>
Take a moment to watch highlights from Mike and the Bloomberg Philanthropies
team at COP27.
<[link removed]>
WATCH NOW
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
🔋 The Global Energy Transition
Standing with leaders from across Africa, Mike and Bloomberg Philanthropies
CEO Patti Harris outlined plans for Bloomberg Philanthropies' partnership to
support developing countries in Africa, Asia, and Latin America as they
accelerate the phaseout of coal plants, develop pathways to net-zero, and speed
the deployment of clean energy.
<[link removed]>
READ COVERAGE IN
THE NEW YORK TIMES
<[link removed]>
WATCH VIDEO FROM
THE ANNOUNCEMENT
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
🏛️ Local Climate Solutions️
Going Beyond 50 with Bottom-Up Climate Action
<[link removed]> | The U.S. has pledged to reduce climate
emissions 50 percent by 2030, and the historic climate investments signed into
law this year are projected to get us most -- but not all -- of the way there.
A new report from America is All In, announced at COP27, showed that bottom-up
actions from cities, states, and other subnational actors can help us reach --
and even surpass -- those carbon goals.
<[link removed]>
READ MORE ABOUT BEYOND 50 <[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
Federal Leadership to Support Subnational Solutions
<[link removed]>
| At the U.S. Climate Action Center, Mike and Special Presidential Envoy for
Climate John Kerry announced the creation of SCALE, the Subnational Climate
Action Leaders Exchange. The initiative will provide true federal partnership,
giving cities, states, and regions new opportunities to lead the world into a
resilient, net-zero future.
<[link removed]>
READ MORE ABOUT SCALE
<[link removed]>
WATCH VIDEO FROM
THE ANNOUNCEMENT
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
Mike's Op-Ed: We Can't Wait for National Governments
<[link removed]>
| Mike joined Laurence Tubiana, CEO of the European Climate Foundation, to
write about the critical need for action beyond federal governments. "If we are
to stave off ever-worsening climate impact, everything points to the need for
immediate and radically faster action," they wrote. "But to do this, we need to
empower the groups best positioned to lead the way: cities, businesses and
other local organizations -- our subnational actors."
READ MIKE'S OP-ED
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
🍃 Combating Air Pollution
The Climate Innovation and Development Fund, a collaboration between Bloomberg
Philanthropies, Goldman Sachs, and the Asian Development Bank, announced the
completion of the Fund's first investments, which will support sustainable
transport in India and Vietnam.
Watch a video on the Fund's investment in sustainable transport in India
<[link removed]>
In Vietnam, the Fund's investments will help build 140 electric buses and
150,000 charging ports, and in India they will replace 255 diesel buses with
electric buses in the 25 highest-traffic cities. In addition to reducing carbon
emissions, creating jobs, and lowering costs for cities, these investments will
also help cut unhealthy air pollution from transport systems that serve
millions of people each year.
LEARN MORE
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
💸 Mobilizing Climate Finance
Mike's Op-Ed: Climate Data Can Unleash Massive New Green Investments
<[link removed]>
| Responding to the climate crisis will require enormous amounts of new public
and private capital to finance clean energy projects. The good news: "Through
the Glasgow Financial Alliance for Net Zero, more than 550 firms in some 50
countries have committed to cutting emissions across their portfolios to net
zero." The bad news: "But they often don't have the data they need to fulfill
those commitments." Read Mike's full op-ed to see how accurate, accessible data
can help drive critical climate investments.
READ MIKE'S OP-ED
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
Opportunities to Finance Climate Action in Africa
<[link removed]> | Mike stopped
by the inaugural meeting of the Global Financial Alliance for Net Zero Africa
Network Advisory Board, where African leaders in climate, development, and
finance shared thoughts on ways the Network can mobilize finance across the
continent.
SEE PHOTOS FROM THE MEETING
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
Developing Infrastructure for Carbon Markets
<[link removed]>
| Voluntary carbon markets need to grow more than 15-fold by 2030 to support
the investment required to deliver a 1.5-degree pathway, but they currently
lack crucial infrastructure that underpins traditional financial markets. In
partnership with Three Cairns Group, Bloomberg Philanthropies announced a new
initiative to form the Global Carbon Trust and the Carbon Storage Governing
Council -- organizations that will drive innovation and transparency needed to
mobilize investment in voluntary carbon markets.
LEARN MORE
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
🌊 Protecting the Ocean
On the first day of COP27, presidents and ministers from Palau, Nigeria, Costa
Rica, the United Kingdom, France, and the United States affirmed their support
for the 30×30 target, which commits countries to a global effort to protect at
least thirty percent of the planet's land and ocean by 2030. More than 110
countries are now engaged in the effort to curb biodiversity loss and ensure
that the ocean remains a valuable asset in the fight against climate change.
LEARN MORE
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
Check out our Bloomberg at COP27 page for more on the work happening to
transform our climate ambitions into real climate actions:
[link removed]
<[link removed]>
Thanks,
Bloomberg Philanthropies
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
<[link removed]>
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.
<[link removed]>
Public Health
<[link removed]>
Education
<[link removed]>
Government
Innovation
<[link removed]>
Environment
<[link removed]>
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
<[link removed]>
Click here to unsubscribe
<[link removed]>
.
Click here to read our privacy policy. <[link removed]>
Bloomberg Philanthropies
All content ©2022 Bloomberg IP Holdings LLC. All rights reserved.
