Bloomberg pledges $10 million to 'America is All In'
Mike Bloomberg, a member of the UN Special Envoy, and Gina McCarthy, the White House's national climate adviser, were some of the guests that joined the Biden administration on stage for the launch of the U.S. Center, a public diplomacy initiative, at COP26.
Highlighting the goal to cut emissions by 50% in nine years by 2030, Bloomberg said the world can't set goals for 2050, a year "which, I at age 79, am not likely to see."
Bloomberg announced Bloomberg Philanthropies' intention to close a quarter of all the world's existing coal plants and cancel all proposed new coal plants by 2025. He also committed $10 million to the “America is All In” coalition to mobilize climate action.
"Of course, now that we have a strong partner in the White House, we can raise the bar higher, we can do more and we can do it faster," Bloomberg said. "What we can't do is sit back and wait for Congress to act."