Michael Bloomberg to give $4.5 million to cover US’ Paris climate deal commitment | world news | Hindustan Times
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Michael Bloomberg to give $4.5 million to cover US’ Paris climate deal commitment

Bloomberg will continue to provide money for the pact if the United States does not rejoin the Paris climate agreement.

world Updated: Apr 23, 2018 09:06 IST
Special envoy to the United Nations for climate change, Michael Bloomberg, speaks during a discussion panel on the side of the IMF-World Bank spring meeting in Washington.
Special envoy to the United Nations for climate change, Michael Bloomberg, speaks during a discussion panel on the side of the IMF-World Bank spring meeting in Washington.(Reuters File Photo)

Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a $4.5 million cheque to cover this year’s US financial commitment to the Paris Climate Agreement.

President Donald Trump last year pulled the United States out of the pact, making the country the only one opposed to it.

Bloomberg, in a CBS interview, said he hopes by next year Trump will have changed his mind.

Bloomberg will continue to provide money for the pact if the United States does not rejoin the agreement, according to a news release from Bloomberg Philanthropies, the charity he founded.

“Our foundation will uphold our promise to cover any cuts to UN climate funding by the federal government,” Bloomberg said in the statement.

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

(Reporting by Yasmeen Abutaleb; Editing by James Dalgleish)