Bloomberg donates to help Columbus reduce emissions
The former NYC mayor donated $200 million to 25 cities across the U.S. Michael Bloomberg, the philanthropist and former New York City mayor, has donated $200 million to help leaders in Columbus and 24 other cities reduce their emissions. The funding could allow these cities to grow their building and transportation networks in ways that reduce greenhouse gas emissions. This initiative, the Bloomberg American Sustainable Cities initiative, includes funding for project managers and construction of affordable, zero-emission housing and investing in electric vehicles. Future projects could include construction of new affordable housing and investment in electric cars.
Published : 2 months ago by Tyler Buchanan,Andrew Freedman in Environment
Michael Bloomberg, a philanthropist and former New York City mayor, has donated millions toward environmental causes. Photo: Bryan Bedder/Getty Images for Bloomberg Philanthropies
The charitable organization founded by former New York City Mayor Michael Bloomberg will spend $200 million to help leaders in Columbus and 24 other cities tap into federal funding opportunities to cut their emissions, Axios' Andrew Freedman writes. Why it matters: The funding from Bloomberg Philanthropies could allow these cities to grow their building and transportation networks in ways that limit greenhouse gas emissions.
State of play: The Bloomberg American Sustainable Cities initiative offers not just funding but a small team of project managers to help Columbus as it works toward a goal of carbon neutrality by 2050.
• Future projects could include construction of new affordable, zero-emission housing and investing in electric vehicles, per Mayor Andrew Ginther's office.
What they're saying: "It is impossible to deny the impacts of climate change in Columbus," Ginther said in a statement.
• "We are proud to have been selected for this important initiative, and we are eager to step up our efforts to further reduce emissions and enhance climate resilience — particularly among our most vulnerable neighbors."
Topics: Climate Change, ESG