Date created : 07/06/2019 - 08:20
US billionaire Michael Bloomberg
said Thursday he will spend half a billion dollars in the "fight of our
time" to move the US away from carbon energy and combat climate change.
The former New York mayor and
philanthropist said the $500 million investment will go toward launching the
Beyond Carbon initiative, which aims to close nearly 250 coal plants throughout
the country by 2030 and prevent new ones being built.
"We're in a race against time
with climate change, and yet there is virtually no hope of bold federal action
on this issue for at least another two years," Bloomberg said in a
statement.
"Mother Nature is not waiting
on our political calendar, and neither can we."
Bloomberg added the new campaign
means he has pledged a total $1 billion toward fighting climate change,
including the 2011 Beyond Coal effort, which has so far closed 289 coal plants
in the US.
On its website, Beyond Carbon said
it plans to work toward a "100 percent clean energy economy" and will
also campaign against the construction of new gas plants in the US.
The initiative will
"turbo-charge work that is underway... empower elected officials and citizens
who are leading it, mobilize citizens who support it," and uphold US
commitments to the Paris Climate Agreement, it added.
Bloomberg, who is the UN
Secretary-General's climate change envoy, tweeted it was the "the
largest-ever coordinated campaign to tackle the climate crisis our country has
ever seen. This is the fight of our time."
He planned to publicly announce the
program during a commencement address at the Massachusetts Institute of
Technology Friday.
- Vast fortune -
Bloomberg, 77, was the centrist
mayor of New York City from 2002 to 2013. His vast fortune was estimated at
some $55.5 billion last year, according to Forbes.
Political observers have long
speculated over whether he would run for president, but in March he ruled
himself out as a Democratic candidate, writing on his Bloomberg media platform
he wanted to affect change outside of Washington.
Bloomberg vowed to devote his
considerable financial muscle toward addressing some of the nation's major
challenges, including climate change, gun violence, the opioid crisis, failing
public schools and college affordability.
"I love our country too much to
sit back and hope for the best as national problems get worse," he said.
"But I also recognize that
until 2021, and possibly longer, our only real hope for progress lies outside
of Washington."
The 2015 Paris accord enjoins
nations to work towards limiting global temperature rises to "well
below" two degrees Celsius (3.6 Fahrenheit) and to a harder cap of 1.5C if
possible.
To do so, governments must commit to
curbing greenhouse gas emissions -- the leading source of which is burning
fossil fuels such as oil, gas and coal for power.
The UN Intergovernmental Panel for
Climate Change warned last October that warming is currently on track towards a
catastrophic 3-4C rise.
Fifty coal-fired power plants have
shut in the United States since President Donald Trump came to office two years
ago, environmental organization The Sierra Club reported in May.
No comments:
Post a Comment