Mike Bloomberg's Climate Leadership Accelerates Progress at COP26

Welcome to COP. Great to be here in Glasgow. Tackling the issue of climate change is going to require all of us to do a lot more work. We've got to take responsibility for what's going on on this planet. There really is no excuse for inaction and there is nothing we can't accomplish if we work together and Bloomberg Philanthropies is committed to doing as much as we can. A new goal is to close a quarter of all the world's existing coal plants by 2025 and cancel all proposed new coal plants as well. We need to go faster in fighting climate change and phasing out coal is a big piece. Canada made that commitment. In the U.S. cities really have held down the fort over the past four years. We are going to expand our work, cutting emissions by at least 50% by the year 2030. Climate change is not a problem for the planet. It is a problem for us. America remains all-in forever. C40 cities are leading the way, helping their countries reach the national targets. I'm so excited because of the enormous potential of our cities to make a defining difference in this fight for the future of our planet. I do want to thank His Royal Highness Prince William for his leadership on climate and for inspiring a new generation of innovation with this great prize. To our short prize finalists and winners, thank you for believing that we can face the vast challenges in front of us today. The world's children are counting on us. We can't let them down.