“Developing countries need reliable, clean energy access to grow their economies, provide opportunities to their people, and meet the global net-zero by 2050 target,” said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy. At the SEforALL Forum, Bloomberg also announced the launch of an Africa-focused initiative within the NetZero Pathfinders platform to identify the challenges in leapfrogging fossil fuels and provide concrete, actionable ways to overcome the obstacles.
#Speediness intensifies series
In the coming months, Bloomberg Philanthropies will release a series of investments, partnerships, and initiatives to help fulfill Africa’s potential to lead the global energy transition. African nations, which include six out of the ten fastest-growing countries in the world, are uniquely positioned to turbocharge their economies through investments in clean energy in a way that sets an example for others around the world. This important initiative by Bloomberg Philanthropies is a critical step towards the global goal of building a sustainable, just and equitable energy future for all.”īuilding on Mike’s philanthropic efforts to fight climate change, today’s commitment aims to spur meaningful climate action six months ahead of this year’s African-hosted COP27. “The addiction to fossil fuels must end, starting with coal, by 2030 in OECD countries, and 2040 everywhere else. “We need to shift to sustainable energy systems – everywhere,” said UN Secretary-General Antonio Guterres. Those steps will also help clean their air, create new jobs, grow their economies, and protect communities from harm – and set an example for countries around the world.” This support will help ten countries with enormous clean energy potential seize the opportunity and avoid building new coal plants. We have to spread that success around the world, especially in developing countries that have contributed the least to the climate crisis but are facing the most severe effects. coal plants, and more than half of Europe’s, faster than almost anyone thought was possible, while also reaping economic benefits. “We’ve already helped close more than two-thirds of U.S. Bloomberg, UN Secretary-General’s Special Envoy for Climate Ambition and Solutions, and founder of Bloomberg Philanthropies. “We’ve seen that it’s possible to increase access to affordable power, improve public health, and fight climate change all at the same time – and to make progress quickly in each area,” said Michael R. Marking the first phase of his commitment at COP26 in Glasgow to help shutter or cancel a quarter of the world’s coal plant capacity, Bloomberg’s announcement answers United Nations Secretary-General Antonio Guterres’ urgent call to introduce renewable energy at speed and scale, end coal-fired power, and cease fossil fuel subsidies. In addition to its current energy transition efforts in seven countries and the EU, Bloomberg Philanthropies is developing programs and partnerships in Bangladesh, Brazil, Colombia, Kenya, Mozambique, Nigeria, Pakistan, South Africa, Turkey, and Vietnam.
Bloomberg announced $242 million to expand Bloomberg Philanthropies’ efforts to accelerate the clean energy transition in developing countries, where power demand is projected to rapidly grow and there is abundant potential for solar, wind, and other renewable energy capacity. Kigali, Rwanda – Today at the Sustainable Energy for All Forum, UN Special Envoy for Climate Ambition and Solutions Michael R. Bloomberg announces $242M investment to help deliver on clean energy potential in Africa and around the worldĪnnouncement follows COP26 commitment to help block all planned coal plants and double down on efforts to close a quarter of the world’s coal capacity by 2025
Strengthening City Data to Improve Lives.Stopping Coal and Air Pollution Globally.Supporting Career and Technical Education.Connecting Audiences to Culture Online or Onsite.
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