Bloomberg Philanthropies Announces Mayors Challenge Winning Project to Combat Climate Change Will Spread to Seven Global Cities

Bloomberg Philanthropies has announced that seven cities from Europe and the United States will receive support to adopt Stockholm’s 2014 Bloomberg Philanthropies’ Mayors Challenge Winning Biochar Project, which turns plant waste from parks and homes – everything from grass clippings to trees and limbs – into a charcoal-like substance that residents can then use in their yards and gardens to help combat climate change. When biochar is used as a soil fertilizer it promotes plant growth while simultaneously absorbing carbon from the atmosphere and locking it into the soil as…

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Bloomberg Philanthropies Joins $1B USD Pledge to Protect 30 Percent of the Ocean by 2030

At the 2022 UN Ocean Conference, Bloomberg Philanthropies and eight philanthropic partners committed a collective $1 billion USD to support ocean conservation and the creation, expansion, and management of marine protected areas. This single commitment is roughly equal to all philanthropic giving for marine protected areas and habitat protection over the past decade and will help put ambitious ocean conservation goals within reach by supporting initiatives that help governments, and indigenous and local communities protect at least 30 percent of the ocean by 2030. This pledge builds on Bloomberg’s decade-long…

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New ‘Protecting Our Planet Challenge’ represents $5 billion commitment to conserve 30% of planet by 2030

At the September 22, 2021 “Transformative Action for Nature and People” event in New York, nine organizations joined together to pledge an unprecedented $5 billion over the next 10 years to support the creation, expansion, management and monitoring of protected and conserved areas of land, inland water and sea, working with Indigenous Peoples, local communities, civil society and governments. This watershed announcement — to fund efforts to reach 30×30 global goal by strengthening and expanding protected areas and support to Indigenous Guardianship of traditional territory — marks the largest private…

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More Than 50 Cities and Counties Are Set to Offer One-On-One, Professional Financial Counseling or Financial Navigation Services to Build Resident Financial Stability During COVID-19

National nonprofit organization the Cities for Financial Empowerment Fund (CFE Fund), in partnership with Bloomberg Philanthropies, Citi Foundation, JPMorgan Chase & Co., and the Wells Fargo Foundation, have announced that more than 50 city and county partner governments across the country are set to offer financial counseling and financial navigation services for their local residents in need. As part of this effort, the CFE Fund announced the selection of 31 city and county governments to launch a new Financial Navigator initiative, which will provide their residents one-on-one remote sessions to…

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London Mayor launches groundbreaking Creative Land Trust

A new independent Trust has been launched to protect and increase affordable artist workspace following the decline in artist studios in the capital. Speaking today at Bloomberg’s European headquarters, the Mayor of London, Sadiq Khan, outlined how the new Creative Land Trust will help tackle the problem of rising rents in the capital by providing artists and creatives with affordable workspace. The organisation has been created with support from Arts Council England, Bloomberg Philanthropies and Outset Contemporary Art Fund. The Creative Land Trust is an independent organisation that will provide…

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