Bloomberg Pledges to Cover U.S. Paris Agreement Obligations After Trump Exits Deal

Michael Bloomberg, founder of Bloomberg LP and UN Special Envoy for Climate Ambition, announced that Bloomberg Philanthropies will cover key U.S. obligations under the Paris Agreement following President Trump’s recent withdrawal from the accord. This includes funding for the UN Framework Convention on Climate Change (UNFCCC) and U.S. reporting commitments. The announcement comes after Trump signed an executive order to initiate the U.S. exit from the agreement, which aims to limit global temperature rise. Bloomberg emphasized the importance of private support in helping countries meet their climate commitments, reiterating his commitment to initiatives like “America’s Pledge” and “America Is All In,” which focus on local and state-level climate actions. He highlighted the growing impact of climate disasters and the economic benefits of clean energy, asserting that Americans are determined to continue combating climate change. Resources: https://www.esgtoday.com/bloomberg-pledges-to-cover-u-s-paris-agreement-obligations-after-trump-exits-deal/