Bloomberg Philanthropies Accelerates Its Global Coal Program to Move the World Toward a Coal-Free Future
September 24, 2019 /3BL Media/ – At the 2019 United Nations Climate Action Summit, United Nations Special Envoy for Climate Action Michael R. Bloomberg announced his support for U.N. Secretary General António Guterres’ initiative to stop the development of new coal-fired power plants after 2020.
Beyond Carbon Brings Bloomberg’s Global Investment in Fighting Climate Change to $1 Billion
New York, NY – In a commencement address today at the Massachusetts Institute of Technology, Michael R. Bloomberg will launch Beyond Carbon, the largest coordinated campaign to tackle climate change ever undertaken in the United States. With a $500 million investment — the largest ever philanthropic effort to fight the climate crisis — Beyond Carbon will work to put the U.S. on track towards a 100% clean energy economy by working with advocates around the country to build on the leadership and climate progress underway in our states, cities, and communities.
In partnership with the Sierra Club, we have helped to close more than half of U.S. coal power plants – 286 out of 530, and counting – since 2011. Recently, we set a new goal of retiring every remaining U.S. coal plant by 2030. And we are launching an ambitious new stage of the campaign called Beyond Carbon. It is a grassroots effort to help move America as quickly as possible away from oil and gas and toward a 100 percent clean-energy economy.