Michael Bloomberg’s spending on the ‘global climate fight’ has topped $3bn over a decade, including a recent boost to contributions to the UN’s climate body, as broader financial support slides in the Trump era.
The 83-year-old billionaire pledged nearly $270mn to two climate initiatives around the UN COP30 summit late last year through his Bloomberg Philanthropies organisation, according to FT analysis, with the funding coming from his family foundation and donations as an individual.Â
Than the lord bloomberg is donating to the UNFCCC.
The oil barons at CoP this year might have had to fund their own annual lobbying conference without him.
He **could** have just spent the money unilaterally fully funding a 1GW PV plant and running then giving out the output for free for ten years and fully decarbonising a country the size of sudan’s worth of electricity.
But I’m sure totalenergies and eni will appreciate the money being spent on subsidising their gas plants in west africa instead.
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Michael Bloomberg’s spending on the ‘global climate fight’ has topped $3bn over a decade, including a recent boost to contributions to the UN’s climate body, as broader financial support slides in the Trump era.
The 83-year-old billionaire pledged nearly $270mn to two climate initiatives around the UN COP30 summit late last year through his Bloomberg Philanthropies organisation, according to FT analysis, with the funding coming from his family foundation and donations as an individual.Â
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Kima — FT social media team
Than the lord bloomberg is donating to the UNFCCC.
The oil barons at CoP this year might have had to fund their own annual lobbying conference without him.
He **could** have just spent the money unilaterally fully funding a 1GW PV plant and running then giving out the output for free for ten years and fully decarbonising a country the size of sudan’s worth of electricity.
But I’m sure totalenergies and eni will appreciate the money being spent on subsidising their gas plants in west africa instead.