Bloomberg will invest $ 500 million in the closure of all coal plants by 2030

The former mayor of New York City, Michael Bloomberg, is investing $ 500 million in an effort to shut down all coal plants in the country by 2030 and put the United States on the track. from a 100% clean energy saving.

Billionaire Bloomberg's investment in the Beyond Carbon Initiative is the largest philanthropic effort ever undertaken to tackle climate change, according to the Mayor's Foundation. The organization will bypass the federal government and instead strive to enforce climate and clean energy policies, as well as to support political candidates at the state and regional levels. at local level.

"We are in a race against time in the face of climate change, and yet there is virtually no hope of a bold federal action on this issue for at least two years." Mother Nature n & # 39; Expect not our political calendar, and we can not either, "Bloomberg said.

Bloomberg considered but finally adopted in search of the Democratic presidential nomination of 2020. Instead, he promised to direct his immense wealth and political connections to the fight against climate change and the defeat of President Trump.

Bloomberg will officially unveil the Beyond Carbon effort Friday during a speech to the Massachusetts Institute of Technology.

This initiative reflects Bloomberg's work on weapons control, which focused on strengthening the efforts of the state and local communities. The former mayor's financial contributions to Democratic candidates who supported more stringent firearms laws were also seen as integral to the party's ability to represent in the House of Representatives in 2018.

The Bloomberg Foundation has been working for several years with the Sierra Club to try to shut down the country's coal plants. Since 2011, about half of the 530 plants in the United States have been closed.