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Bloomberg gives $4.5M to United Nations climate body, softening USA cuts

Bloomberg gives $4.5M to United Nations climate body, softening USA cuts

Former New York City Mayor Michael Bloomberg just pledged to personally cover the $4.5 million bill that the United States is obligated to contribute as part of the Paris climate agreement.

President Donald Trump previous year pulled the United States out of the agreement, making the country the only one opposed to the pact.

The Paris agreement commits the United States and 187 other countries to keeping rising global temperatures "well below" 2 degrees Celsius above pre-industrial levels.

The commitment builds on Bloomberg's support for the "We're Still In" coalition, which has brought together businesses, NGOs, and state and city governments to work towards meeting the emissions reductions goals the U.S. committed to under the Paris Agreement, regardless of whether or not the Trump administration formally quits the treaty in 2020 as now planned. "When nations around the world embraced the historic Paris arrangement to limit global temperature rise, they also realized that achieving that goal could require broad based global climate actions from all sectors, private and public", she said.

Bloomberg's charitable foundation linked the donation to the billionaire philanthropist's effort, with California Gov.

In March, the USA congress passed its spending bill for 2018 which provided only $3 million to fund the UN's climate programs, down from its agreed $7.5 million.




The contribution will go towards general operations, including assisting countries to meet targets for cutting greenhouse gas emissions in line with the accord, agreed by 193 States in the French capital. Last year, he pledged to provide the $15 million that he says the U.N. Climate Change Secretariat will lose from Mr. Trump's withdrawal from the pact.

Bloomberg, who serves as an envoy for the United Nations on climate, will pay the remaining dollar amount that the USA government should have provided to the worldwide body.

The Trump administration paid a United Nations fund $4.5 million less to address climate change.

Mr Trump staunchly opposes the agreement and his administration has rolled back a number of environmental regulations.

"His policies are not good for the world", Bloomberg declared.

"His job is to protect the environment, and he has walked away 100 percent from that", Bloomberg said. "It's changing. Everybody that looks outside their window can see that we have less snow here and more snow there and bigger storms and a whole bunch of things, that the oceans are rising and things are changing and you can't deny that".


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