Bloomberg’s US$200 million to fund innovative climate solutions

A US$200-million Bloomberg Philanthropies initiative will provide support to 25 selected US cities to pursue transformative climate solutions in the buildings and transit sectors.

The initiative aims to ensure the participating cities – collectively representing over 10 million people – can leverage and implement federal funds to advance local projects, especially in disadvantaged communities historically overburdened by pollution.

Selected cities are already in the process of applying for, have submitted applications for, or have received more than 100 federal grants aligned with Bloomberg American Sustainable Cities’ goals.

“Tackling climate change and building stronger and more equitable cities go hand in hand,” said Michael Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies. “Mayors have bold ideas for how to take on both challenges at once, and we’re looking forward to expanding our support for them.”

The 25 cities will receive a Bloomberg Philanthropies-funded innovation team (i-team) with up to three dedicated staff with expertise in data analysis, insight development, human-centred design, systems thinking, and project management to bolster city capacity in driving progress on climate mitigation and promoting equitable outcomes.

Cities will also receive multi-year, in-depth, customised policy and technical assistance in collaboration with community-based organisations and local stakeholders to mobilise public, private, and philanthropic investments to achieve their goals.

Work has already started in each of the 25 cities, helping them incubate policies and projects while building local capacity through recruitment for i-team staff. Cities’ ambitious actions will be highlighted on an ongoing basis.

“Hampton has worked with Bloomberg Philanthropies through a multitude of the organisation’s programmes, and each one has proven beneficial to our city,” said Donnie Tuck, Mayor of Hampton, Virginia. “We are innovative and data-driven in our efforts to reduce damage from flooding, especially in historically underserved communities, and we look forward to participating in [this] initiative to take this work and more to the next level for our residents.”

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

Image: Bloomberg Philanthropies