Michael R. Bloomberg Partners with Commissioner Arias Cañete to Support European Transition from Coal Power
Bloomberg Philanthropies founder Michael R. Bloomberg and European Commissioner for Energy and Climate Action Miguel Arias Cañete pledged to join efforts to manage the global transition away from coal. Bloomberg and Arias Cañete announce a new partnership to step up Europe’s clean energy ambitions. Together Bloomberg Philanthropies and the European Commission will convene leaders from the financial and business sectors to further develop financially actionable strategies for a low-carbon transition and aim to highlight the economic opportunities of the clean energy transition in creating sustainable jobs and growth.
The partnership will build on the European Commission’s Platform for Coal Regions in Transition. Launched in December 2017, the platform provides support for the economic and technological transformation of 41 coal dependent regions in 12 European countries, facilitating development of projects and long-term strategies with the aim of kick-starting the transition process and responding to environmental and social challenges. In the context of the Platform for Coal Regions in Transition, Bloomberg Philanthropies will develop plant-by-plant research analysis of coal power, which will improve the knowledge base of the platform and allow for more targeted actions...