Finance

U.S. billionaire outlines plan to quantify United States climate efforts

U.S. billionaire outlines plan to quantify United States climate efforts

The initiative will outline a roadmap for increased climate action and show the global community how they can help the United States deliver on the Paris pledge regardless of the Trump exit, they said.

The United Nations' chief, António Guterres, said in a statement the plan to assess how US cities, states and others are contributing to slashing global greenhouse gas emissions was "welcome".

Nevertheless, the development of a focal point for sharing emissions data publicly and transparently will help build the case that fighting climate change and growing the economy are not mutually exclusive. "The American government may have pulled out of the Paris Agreement, but American society remains committed to it - and we will redouble our efforts to achieve its goals", Bloomberg added. "We're already halfway there".

It's the latest effort by cities and states, and Brown in particular, to fight back against President Donald Trump's decision to withdraw the United States from the worldwide pact.

The name of this pledge and the carefully chosen language of the press release is created to emphasize that America, for the most part, is still committed to the Paris agreement, despite the actions of the President.

America's Pledge joins subnational climate collaborations, including the "We Are Still In" declaration, the "Climate Mayors" coalition of cities and the "US Climate Alliance" group of states, set up since President Donald Trump's announcement of the US' withdrawal from the Paris Agreement.

After China, Uber cedes Russian business to rival Yandex
The whirlwind of scandals eventually led to Uber founder Travis Kalanick's resignation last month. After the merger with Yandex in Russia Uber will not make the headquarters of the CIS in Kiev.

While backed by congressional Republicans, the US withdrawal has been met with criticism on the world stage.

Still, last month in an effort to fill a climate leadership void, Bloomberg, a United Nations envoy on cities and climate change, committed $200 million to support city initiatives including projects to combat global warming through a grant program called the American Cities Initiative.

In addition, the America's Pledge initiative will work to quantify the aggregate impact of these commitments on projected future emissions, comparing against both a business-as-usual (BAU) trajectory of projected greenhouse gas emissions under likely Trump Administration policies, and the U.S. Nationally Determined Contribution of 26-28% reductions against a 2005 baseline by 2025.

Over the past few days, U.S. federal states and other USA and global non-state actors announced a number of climate initiatives that aim to reduce greenhouse gas (GHG) emissions in line with the Paris Agreement on climate change, and for an accelerated transition to 100% renewables.

"This is demonstrably not an issue that can be addressed by national governments alone", he said. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg's charitable activities, including his foundation and his personal giving.


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