"Bloomberg Donates $5.5 Million To Fill In Paris Agreement Gap"

"Former New York City Mayor Michael Bloomberg will donate $5.5 million to the United Nations Climate Change Secretariat, the second year in a row he has provided funding to make up for lapsed commitments under the Trump administration.

Bloomberg, who earlier decided against running for the White House, used Earth Day to announce that he would offer support for the secretariat's operations. The program helps countries meet carbon emission reduction commitments under the landmark 2015 Paris climate deal, a global deal negotiated by the Obama administration that President Trump rejected.

Trump announced in 2017 that he plans to pull the U.S. out of the agreement, arguing it was a bad deal.

The U.S. committed $15 million over two years to the program under former President Obama, but only transferred $2.5 million last year. It was expected to provide another $2.5 million this year. "

Miranda Green reports for The Hill April 22, 2019.

Source: The Hill, 04/23/2019