Bloomberg Philanthropies said Friday it will pull together $15 million to "support the operations" of the United Nation's Framework Convention on Climate Change, the arm of the UN that coordinates the Paris pact.
The $15 million would cover the U.S. share of the convention's operating budget, according to Bloomberg spokesperson Carl Pope. The money will come from Bloomberg Philanthropies and its partners.
"The pledge aims to fill a significant funding gap that comes as a result of President Donald Trump's announced withdrawal from the Paris agreement and proposed steep budget cuts for international programs, including on climate," the Bloomberg Philanthropies statement reads.
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Source: CNN Money