Bloomberg to Fund UN Climate Body After Trump Exits Paris Deal
Michael Bloomberg’s philanthropic organization and others are stepping in to maintain US contributions to the agency tasked with implementing the Paris Agreement.
The logo for the United Nations Framework Convention on Climate Change.
Photographer: Andrey Rudakov/BloombergMichael Bloomberg, the former mayor of New York, will help cover US financial obligations under the Paris Agreement as President Donald Trump prepares to leave the global climate agreement.
Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, provided the same support when Trump withdrew from the Paris accord in 2017, contributing more than $15 million. The money will support the running of the United Nations Framework Convention on Climate Change and enable the US to tally and report its carbon emissions to the UN.