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Bloomberg US$200 million to fund innovative climate solutions

The Elite Times TeamBy The Elite Times TeamMarch 16, 2024No Comments2 Mins Read
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March 16, 2024

Written by Jonathan Andrews

The US$200 million Bloomberg Philanthropies Initiative will provide support to 25 selected U.S. cities to pursue innovative climate solutions in the buildings and transportation sectors.

The initiative allows participating cities, representing a combined population of more than 10 million people, to leverage federal funds to advance local projects, particularly in disadvantaged areas that have historically been overburdened by pollution. The purpose is

The selected cities have already applied for, submitted applications for, or received more than 100 federal grants that align with Bloomberg America’s Sustainable Cities Goals.

“Tackling climate change and building stronger, fairer cities go hand in hand.” Michael Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, said: “Mayors have bold ideas about how to tackle both challenges simultaneously, and we look forward to extending our support to them.”

25 cities will host Bloomberg Philanthropies-funded Innovation Teams (iTeams), bringing up to three dedicated staff members with expertise in data analysis, insight development, human-centered design, systems thinking, and project management. and strengthen the city’s ability to promote progress. On promoting climate mitigation and equitable outcomes.

The city will also work with community-based organizations and local stakeholders to mobilize public, private, and philanthropic investment to achieve its goals through a thoroughly customized, multi-year project. They will receive policy and technical assistance.

Work has already begun in 25 cities, helping to develop policies and projects while building local capacity through the recruitment of iTeam staff. The city’s ambitious initiatives continue to be highlighted.

“The City of Hampton works with Bloomberg Philanthropies through a number of Bloomberg Philanthropies programs, each of which has proven beneficial to the City,” said Donnie Tuck, Mayor of Hampton, Virginia. Ta. “We are innovative and data-driven in our efforts to reduce flood damage, especially in historically underserved communities, and we look forward to participating. . [this] We are working to take this and other efforts to the next level for our residents. ”

Potential projects in the 25 cities include developing affordable, energy-efficient housing, increasing access to clean energy, and investing in electric vehicles and infrastructure.

Image: Bloomberg Philanthropy

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