Michael Bloomberg is pledging to fill a funding gap created by President Trump’s decision to withdraw from the Paris climate accord, offering up to $15 million to support the U.N. agency that helps countries implement the agreement.
“Americans will honor and fulfill the Paris Agreement by leading from the bottom up — and there isn’t anything Washington can do to stop us,” said Bloomberg, the former New York City mayor who now serves as the U.N.’s special envoy on cities and climate change.
“Mayors, governors, and business leaders from both political parties are signing [on to] a statement of support that we will submit to the U.N.,” Bloomberg said, “and together, we will reach the emission reduction goals the U.S. made in Paris in 2015.”
Under the Paris accord, the U.S. sent some $1 billion to the Green Climate Fund that is guided by the U.N. Framework Convention on Climate Change — the body that coordinates international climate policy. The U.S. was supposed to provide an additional $2 billion, but Trump has balked at that idea, and his proposed budget includes cuts to international climate programs. Read more at NPR.