Published: Mon, April 23, 2018
Worldwide | By Isabel Fisher

Bloomberg pledges $4.5M to fulfill USA commitment to Paris accord

Bloomberg pledges $4.5M to fulfill USA commitment to Paris accord

The Paris agreement coming after the end of the Kyoto Protocol, commits the US and 187 other countries to keeping rising global temperatures "well below" 2 degrees Celsius, above pre-industrial levels.

Former New York City Mayor Michael Bloomberg says he will pay $4.5m (£3.2m) to cover some of the lapsed United States commitment to the Paris climate accord.

In January of this year, Trump said he would be willing to sign the United States back up to the Paris climate accord, but only if the treaty undergoes major change.

Bloomberg, whose net worth Forbes pegs at about $50bn, was speaking to CBS's Face the Nation.

Bloomberg, a media baron - who was a Republican mayor and considered a 2016 presidential run as an independent said in the interview, "America made a commitment and, as an American, if the government's not going to do it then we all have a responsibility", Bloomberg said on CBS. Bloomberg said that all Americans share the responsibility to uphold deals the government makes, and that since he is able to, he would send a check to the organization as though nothing had changed.

He did not commit to provide funds beyond 2018 and said he hoped that by next year Trump would have changed his mind.

"He's been known to change his mind".

Trump staunchly opposes the agreement and his administration has rolled back a number of environmental regulations.

Michael Bloomberg, billionaire former New York Mayor & founder of the financial information group, Bloomberg. "It's changing. Everybody that looks outside their window can see that we have less snow here and more snow there and bigger storms and a whole bunch of things, that the oceans are rising and things are changing and you can't deny that".

It will make the USA in effect the only country not to be part of the Paris accord.

"His job is to protect the environment, and he has walked away 100% from that", Bloomberg said, adding Pruitt has decided "'The environment doesn't need protection. 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.

In January, President Trump said the U.S. could "conceivably" return to the deal if it treated America more fairly.

As part of the agreement, the U.S. had pledged $3bn to the Green Climate Fund, set up by the United Nations to help countries deal with the effects of global warming.

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