Bloomberg Philanthropies Steps Up Again to Fill US Climate Commitment Funding Gap
2025-01-25

Following the US government's second withdrawal from the Paris Agreement, Michael Bloomberg's Bloomberg Philanthropies announced it will fill the funding gap left by the federal government and ensure the US meets its reporting obligations under the UNFCCC. This isn't the first time: Bloomberg took similar action in 2017 after the Trump administration's withdrawal, working with states, cities, and businesses to maintain US emission reduction commitments. This action again highlights the crucial role of local governments, businesses, and philanthropy in addressing climate change in the absence of federal leadership.