Published: Tue, April 24, 2018
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Bloomberg will pay for US's Paris Agreement commitment

Bloomberg will pay for US's Paris Agreement commitment

Bloomberg, 76, said on CBS News's "Face the Nation" that if the government of the U.S. was not doing it, it was others' responsibility to complete the task.

In March, the United States 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.

It said the money would go to the UN Framework Convention on Climate Change (UNFCCC), the BBC report said.

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

China has pledged to reduce domestic carbon dioxide emissions in an worldwide effort to keep global temperatures from rising more than 2 degrees Celsius above preindustrial levels, as part of the 2015 Paris Agreement on climate change. "So, yes, I'm going to send them a check for the monies that America had promised to the organization as though they got it from the federal government", Bloomberg said. He said Trump should understand that America is part of the problem as well as the solution and should chip in and help the planet avert a disaster. He also announced that his foundation, Bloomberg Philanthropies, would help coordinate a US effort called "America's Pledge" and submit a societal NDC - nationally determined contribution - in lieu of a government one.


The Secretary-General of the United Nations, Antonio Guterres, expressed today, through his spokesman, his thanks to Bloomberg for his "generous support" and for his "global leadership" on climate change.

Bloomberg, in an interview on CBS's "Face the Nation," said he'll cut a check to pay the American share of the costs of the multi-national climate change agreement, after Trump pulled out of the Paris deal and scrapped the payments. 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.

However, it's unlikely that Trump will change his mind given recent statements celebrating de-regulation of environmental standards that came on Earth Day itself.

Bloomberg said the EPA administrator's job "is to protect the environment and he has walked away 100 percent from that saying, 'The environment doesn't need protection".

Researchers created a model which showed how certain climate change policies would change the economy of China, the world's largest greenhouse gas emitter.

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