Bloomberg supports UN climate body with $4.5m

Bloomberg Philanthropies has contributed the sum of $4.5 million to support the work of United Nations Framework Convention on Climate Change (UNFCCC), the UN body championing the fight against climate change.
While welcoming the contribution, the UN climate body said it will complement the support provided by national governments and other stakeholders.
Given the level of outstanding contributions from Parties and a decline in voluntary contributions from donors, the funding comes at a critical time and strengthens UN Climate Change’s capacity to support developing countries, carry out strategic outreach to promote climate action among stakeholders including cities, regions, business and civil society and address institutional needs in areas such as information technology and communications.
UN Climate Change secretariat is grateful for all support it receives from both Parties and non-Party stakeholders, which helps to realize the full potential of the Convention, Kyoto Protocol and the Paris Agreement. Bloomberg Philanthropies’ generous contribution of USD 4.5 million complements the support provided by national governments and other stakeholders.
“The U.S. pledged to work with the rest of the world to fight climate change under the Paris Agreement, and that includes providing our fair share of the funding to help countries reach their goals. Our foundation is providing this funding to UN Climate Change as part of our work to ensure that the American people can honour the commitment made under the Paris Agreement,” said the UN Secretary General’s Special Envoy for Climate Action, Michael Bloomberg.
Financial support of this kind is critical to mobilizing climate action leading up to 2020 and fostering synergies across sectors and geographies in the context of sustainable development.
Executive Secretary Patricia Espinosa added: “When countries adopted the historic Paris Agreement to limit global temperature rise, they also recognized that achieving that goal would take broad-based global climate action in all sectors, public and private. I welcome this generous contribution from Bloomberg Philanthropies as an important, practical recognition of our need to work together, and to step up our response to climate change.”