Michael Bloomberg 'to write $4.5m cheque to cover US commitment to Paris climate agreement'
Billionaire former mayor of New York says he hopes Donald Trump will change his mind and rejoin the pact next year
![Mr Bloomberg says he will continue to provide money for the pact if the United States does not rejoin the agreement](https://static.independent.co.uk/s3fs-public/thumbnails/image/2015/10/13/13/Michael-Bloomberg.jpg)
Support truly
independent journalism
Our mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.
Whether $5 or $50, every contribution counts.
Support us to deliver journalism without an agenda.
![Louise Thomas](https://static.independent.co.uk/static-assets/support-us/louise-thomas.png)
Louise Thomas
Editor
Billionaire former mayor of New York Michael Bloomberg has said he will write a $4.5m cheque to cover the US’s financial commitment to the Paris Climate agreement for 2018.
Donald Trump pulled the US out of the climate pact last year, saying it was a “terrible deal” which would “undermine” the economy and put the US at a “permanent disadvantage”.
The move made the US the only country in the world opposed to the climate change agreement which aims to cut carbon emissions in an effort to restrict global temperature rises to less than 2C by the end of this century.
In an interview with CBS, Mr Bloomberg said he hopes that by next year Mr Trump will have changed his mind.
Mr Bloomberg will continue to provide money for the pact if the United States does not rejoin the agreement, according to a news release from Bloomberg Philanthropies, the charity he founded.
“Our foundation will uphold our promise to cover any cuts to UN climate funding by the federal government,” Mr Bloomberg said in the statement.
Mr Trump said in an ITV interview last year that if the terms of the Paris agreement changed, “there’s always a chance we’d get back. But it was a terrible deal for the US. It was unfair to the US,” he said.
Mr Trump has previously said he is a “believer in clean air and clean water”, but has also voiced support for “beautiful clean coal”, and said the polar icecaps were not melting and were at “a record level”.
Reuters contributed to this article
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments