Michael Bloomberg Plans a $242 Million Investment in Clean Energy

Author: ClimateWorks Foundation

Mike Bloomberg of Bloomberg Philanthropies is committing $242 million to promote reliable, clean energy in 10 developing countries, as global energy needs rapidly increase. ClimateWorks Foundation is proud to partner in this initiative.

“Today’s announcement from Bloomberg Philanthropies is climate philanthropy at its best – identifying an area of great need and taking immediate, bold action to move at speed and scale to rapidly accelerate the clean energy transition, in a way that benefits both people and the planet,” said Helen Mountford, the President and CEO, ClimateWorks Foundation.

“Bloomberg’s commitment will pave the way for public and private sector investments to follow suit, showing the critical role of philanthropy in taking risks and moving swiftly where other sectors cannot. ClimateWorks Foundation is proud to partner with Bloomberg on this vital work to support these countries in unlocking a vibrant, fossil-free future that is better for their people and for the world.”

Read the press release here

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