Michael Bloomberg to lead UN green finance campaign

The United Nations (U.N.) named former New York City Mayor Michael Bloomberg to lead a year-long initiative meant to drive at least $100 billion of private finance by 2020 to programs that will fight climate change and uphold the goals of the Paris Agreement.

The Climate Finance Leadership Initiative will include participants from international financial firms and corporations, with a one-year term ending at the U.N. Climate Summit in September 2019. Members will be announced by the end of the year, according to a press statement.