Billionaire former New York City mayor Michael Bloomberg announced Thursday that his foundation would fund the UN climate change agency after President Donald Trump withdrew the US from the Paris Agreement.

Businessman and former New York Mayor Michael Bloomberg said this week his philanthropic foundation will contribute the U.S.’s financial obligations under the Paris Climate Agreement to the United Nations Framework Convention on Climate Change (UNFCCC) after President Trump announced he would withdraw the U.

According to the United Nations website, the Paris Agreement is a legally binding international treaty on climate change that was adopted by 196 parties at the UN Climate Change Conference in Paris, France, in December 2015. It was enforced at the ...

The money will support the running of the United Nations Framework Convention on Climate Change and enable the US to tally and report its carbon emissions to the UN.

Former New York Mayor Michael Bloomberg's philanthropy arm said on Thursday it will provide funding to help cover the U.S. contribution to the U.N. climate body's budget, filling a gap left by President Donald Trump.

President Donald Trump pulled the US out of the Paris Agreement. The stakes couldn’t be higher for the planet and our ability to adapt.

We reaffirm our commitment to the Paris Agreement and support all effective efforts to limit the rise in global temperatures to 1.5 degrees Celsius,' says spokesman - Anadolu Ajansı

"The United States notified the Secretary-General, in his capacity as depositary, of its withdrawal, on Jan 27, 2025, from the Paris Agreement of 12 December 2015," Stephane Dujarric, spokesman for UN chief Antonio Guterres, said at a daily briefing.

The Trump administration has made or initiated major policy changes that impact nonprofits and their missions in its first week.

Facing financial shortfalls and political interference, multilateral bodies might struggle to fulfil their mandates. This could also spark a recalibration of multilateralism, with emerging economies s

During the first Trump administration the U.S. withdrew from the Agreement effective November 4 2020, before his successor took the country back into the accord on February 19, 2021. The UN spokesperson said the latest withdrawal would not lead to any slowdown in the UN’s efforts to combat climate change.