Thursday, June 20, 2019
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Bloomberg Philanthropies Supports Global Climate Action

UN Climate Change has welcomed the announcement of this year’s financial contribution made by Bloomberg Philanthropies to support its work on global climate action.

The funding strengthens the capacity of the UN Climate Change secretariat to support developing countries; undertake strategic outreach to promote climate action among all stakeholders including cities, regions, business and civil society as well as to address institutional needs in areas such as information technology and communications.

The UN Climate Change secretariat is grateful for all kinds of support it receives from both Parties and non-Party stakeholders, which is instrumental towards realizing the full potential of the Convention, Kyoto Protocol and the Paris Agreement and its implementation. Bloomberg Philanthropies’ contribution of USD 5.5 million in 2019 complements the support provided by national governments and other stakeholders.

Financial support of this kind is critical for mobilizing climate action, especially leading towards 2020, and fostering synergies across relevant sectors and all geographic regions in the context of achieving sustainable development goals.

Executive Secretary Patricia Espinosa said: “I welcome this timely financial contribution from Bloomberg Philanthropies as an important and practical recognition of our need to work together with parties and non-party stakeholders, and to step up our response to climate change.”

Read original release here.

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