Michael Bloomberg pays $4.5m to keep US in Paris climate pact

Billionaire Michael Bloomberg says he will pay $US4.5 million to keep the US' commitment to the Paris Climate Agreement after President Donald Trump dumped it.

Former New York mayor and billionaire Michael Bloomberg says he will write a $US4.5 million ($A5.8 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 on Sunday, said he hopes by next year Trump will have changed his mind. 

Bloomberg will continue to provide money for the pact if the US 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.


Share
1 min read

Published

Updated



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world