Bloomberg Philanthropies has announced a significant new investment of $285 million to accelerate the global deployment of clean energy, aiming to remove barriers in emerging economies.

• $285 million commitment to boost renewable energy deployment globally.
• This initiative was announced by UN Secretary-General’s Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg.
• The funding targets countries responsible for nearly 70 percent of global power sector emissions with the goal of increasing solar and wind energy to over half of electricity generation by 2030.