Bloomberg

Solar, Wind, Batteries To Attract $10 Trillion to 2050, But Curbing Emissions Long-Term Will Require Other Technologies Too

Blog

London and New York, June 18, 2019 – Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). In its New Energy Outlook 2019 (NEO), BNEF sees these technologies ensuring that – at least until 2030 – the power sector contributes its share toward keeping global temperatures from rising more than 2 degrees Celsius.

Our Next Moonshot: Saving Earth’s Climate

By: Michael R. Bloomberg
Article

Originally posted on bloomberg.com

The following is an adaptation of an address to the Massachusetts Institute of Technology class of 2019.

Fifty years ago next month, the Apollo 11 lunar module touched down on the moon. It’s fair to say the crew never would have gotten there without MIT.

Understanding Our Intersectionalities: Embracing Multiple Identities Within the LGBT+ Community

Multimedia with summary

The LGBT+ community is intersectional, diverse, and ever-evolving, encompassing members with a wide range of other identities, from race and ethnicity to religion and age. For example, a disabled lesbian Muslim woman will belong to multiple cultural groups and may identify with a variety of traditions.

Mike Bloomberg Introduces the 2019 Bloomberg Philanthropies Annual Report

Multimedia with summary

Mike Bloomberg issued his new letter on philanthropy today as part of the release of Bloomberg Philanthropies' 2019 annual report

His lifetime giving now totals more than $8 billion.

He writes:  “In the year ahead, as political candidates debate what to do in the future, we will work to improve the present by expanding our efforts."

Michael Bloomberg Promises $500 Million to Help End Coal

By: Lisa Friedman, NY Times
Article

WASHINGTON — Michael R. Bloomberg, the former mayor of New York City, will donate $500 million to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas, his foundation said Thursday.

Michael Bloomberg Launches Beyond Carbon, the Largest-Ever Coordinated Campaign Against Climate Change in United States

Beyond Carbon Brings Bloomberg’s Global Investment in Fighting Climate Change to $1 Billion
Article

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.

Companies Make Progress Gauging Climate Risk, but Not Enough

By: Eric Roston, Bloomberg News
Article

Companies too often make the mistake of thinking climate change is a long-term issue, but it’s actually affecting decisions today, according to a report by a global commission set to evaluate transparency into financial climate risks and opportunities.

2019 TCFD Status Report: Key Takeaways

Multimedia with summary

To better understand current climate-related financial disclosure practices and how they have evolved, the Task Force on Climate-related Financial Disclosures (TCFD or Task Force) reviewed—using artificial intelligence technology—reports for over 1,000 large companies in multiple sectors and regions over a three-year period. In addition, the Task Force conducted a survey on companies’ efforts to implement the TCFD recommendations as well as users’ views on the usefulness of climate-related financial disclosures for decision-making.

Second TCFD Status Report Shows Steady Increase in TCFD Adoption

Nearly 800 organizations have now expressed support for the TCFD and its recommendations
Press Release

NEW YORK, June 5, 2019 /3BL Media/ – The Task Force on Climate-related Financial Disclosures (TCFD) published its 2019 Status Report to the Financial Stability Board (FSB) today. The TCFD’s second status report provides an overview of disclosure practices aligned with the Task Force’s recommendations between 2016 and 2018. The report also examines the decision-usefulness of existing climate-related financial disclosures to users of disclosure, and evaluates disclosures of strategy resilience and the challenges faced by preparers using scenario analysis.

Pages

Subscribe to Bloomberg