Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

Bloomberg Philanthropies Launches $48M Initiative to Cut Carbon and Spur Investments in Renewables

Business

Bloomberg Philanthropies and the Heising-Simons family announced today the launch of a Clean Energy Initiative that will support state-based solutions to establish an American energy systems that is clean, reliable and affordable.

The $48 million initiative will provide grant funding to a broad range of stakeholders with the goal of creating a stronger, cleaner energy system that will improve air quality and reduce the health and economic impacts of climate change. The initiative will encourage utilities to adopt technologies that are now as or more affordable than traditional fossil fuels. "Since 2010, solar energy prices have plummeted by 80 percent, wind energy prices have been cut in half, and the cost of LED lighting has fallen by 80 percent," according to a Bloomberg Philanthropies press statement.

“With the price of clean power falling, and the potential costs of inaction on climate change steadily rising, the work of modernizing America's power grid is both more feasible and urgent than ever," said Michael R. Bloomberg. "Pollution from power plants takes a terrible toll on public health, and it's the biggest contributor to our carbon footprint. But smart investments can reduce it while also strengthening local economies. These grants will help states meet new federal clean power requirements in ways that save money and lives.”

Mark Heising added, “The science on climate change makes it abundantly clear that carbon pollution poses a deep threat to society, to agriculture, and to nature—and that early action is required to avoid these threats. New technologies ensure that the solutions to climate change can be cost-effective. This initiative is designed to accelerate those solutions.”

More than two dozen state and local partners—including the Institute for Energy Innovation and Respiratory Health Association—will receive more than half of the Bloomberg Philanthropies grant funding. Support will also be provided to national organizations including the Center for the New Energy Economy, Environmental Defense Fund and Natural Resources Defense Council.

“Climate change is here and now,” said Rhea Suh, Natural Resources Defense Council president. “Tackling this central environmental threat of our time is an enormous task, but it's also a tremendous opportunity. The Bloomberg Philanthropies and Heising-Simons Clean Energy Initiative will help America reinvigorate our economy and protect future generations from the dangers of climate change.”

The Clean Energy Initiative will help states implement the U.S. Environmental Protection Agency’s Clean Power Plan, proposed rules to cut carbon-dioxide emissions from existing power plants. With support from the Clean Energy Initiative, states will have the funding to develop their own strategies to limit carbon pollution and ultimately reach the goal of cutting carbon pollution from the power sector by 30 percent below 2005 levels.

“I’m grateful to Bloomberg Philanthropies for its support,” said Environmental Defense Fund President Fred Krupp. “The Clean Energy Initiative will propel smart, cost-effective reduction of carbon pollution from the biggest source, power plant smokestacks. We know how to make affordable clean energy. This initiative will speed the day when turning on a light doesn’t mean dirtier air or a legacy of dangerous climate change for our children.”

Reducing carbon emissions will also have a tremendous impact on human health. Joel Africk, president and CEO of the Respiratory Health Association in Chicago, shared his excitement for the funding initiative. "Bloomberg Philanthropies’ Clean Energy Initiative is a big step forward for public health,” said Africk. “Not only will the initiative help cut carbon and curb climate change, it will also result in fewer asthma exacerbations, heart attacks and strokes throughout the U.S.”

YOU MIGHT ALSO LIKE

Solar Is Cheaper Than Electricity From the Grid in 42 of 50 Largest U.S. Cities

Solar Is Creating Jobs Nearly 20 Times Faster Than Overall U.S. Economy

Offshore Wind Trumps Offshore Drilling in Job Growth and Energy Generation

EcoWatch Daily Newsletter

Much of Eastern Oklahoma, including most of Tulsa, remains an Indian reservation, the Supreme Court ruled on Thursday. JustTulsa / CC BY 2.0

Much of Eastern Oklahoma, including most of Tulsa, remains an Indian reservation, the Supreme Court ruled on Thursday.

Read More Show Less
The Firefly Watch project is among the options for aspiring citizen scientists to join. Mike Lewinski / Wikimedia Commons / CC by 2.0

By Tiffany Means

Summer and fall are great seasons to enjoy the outdoors. But if you're already spending extra time outside because of the COVID-19 pandemic, you may be out of ideas on how to make fresh-air activities feel special. Here are a few suggestions to keep both adults and children entertained and educated in the months ahead, many of which can be done from the comfort of one's home or backyard.

Read More Show Less
People sit at the bar of a restaurant in Austin, Texas, on June 26, 2020. Texas Governor Greg Abbott ordered bars to be closed by noon on June 26 and for restaurants to be reduced to 50% occupancy. Coronavirus cases in Texas spiked after being one of the first states to begin reopening. SERGIO FLORES / AFP via Getty Images

The coronavirus may linger in the air in crowded indoor spaces, spreading from one person to the next, the World Health Organization acknowledged on Thursday, as The New York Times reported. The announcement came just days after 239 scientists wrote a letter urging the WHO to consider that the novel coronavirus is lingering in indoor spaces and infecting people, as EcoWatch reported.

Read More Show Less
A never-before-documented frog species has been discovered in the Peruvian highlands and named Phrynopus remotum. Germán Chávez

By Angela Nicoletti

The eastern slopes of the Andes Mountains in central Perú are among the most remote places in the world.

Read More Show Less
Left: Lemurs in Madagascar on March 30, 2017. Mathias Appel / Flickr. Right: A North Atlantic right whale mother and calf. National Marine Fisheries Service

A new analysis by scientists at the Swiss-based International Union for Conservation of Nature (IUCN) found that lemurs and the North Atlantic right whale are on the brink of extinction.

Read More Show Less
Nobody knows exactly how much vitamin D a person actually needs. However, vitamin D is becoming increasingly popular. Colin Dunn / Flickr / CC by 2.0

By Julia Vergin

It is undisputed that vitamin D plays a role everywhere in the body and performs important functions. A severe vitamin D deficiency, which can occur at a level of 12 nanograms per milliliter of blood or less, leads to severe and painful bone deformations known as rickets in infants and young children and osteomalacia in adults. Unfortunately, this is where the scientific consensus ends.

Read More Show Less

Trending

Data from a scientist measuring macroalgal communities in rocky shores in the Argentinean Patagonia would be added to the new system. Patricia Miloslavich / University of Delaware

Ocean scientists have been busy creating a global network to understand and measure changes in ocean life. The system will aggregate data from the oceans, climate and human activity to better inform sustainable marine management practices.

EcoWatch sat down with some of the scientists spearheading the collaboration to learn more.

Read More Show Less