Bloomberg: unleash the full force of human ingenuity

Three-term Mayor of New York, United Nations special envoy and potential Presidential candidate Michael Bloomberg addressed the Investor Summit on Climate Risk with a simple request to the public: Keep pushing for change.

Treading a fine line by talking about weather events in the context of climate change, Bloomberg said: "The public is upset with all of those who say, 'There's nothing going on,' and then there's a flood where there wasn't water before... a drought where there used to be lots of water, and the ski resort that they want to go to doesn't have any snow."

The UN Secretary General’s Special Envoy for Cities and Climate Change continued: “Fundamentally it's fair to say the American federal government has done nothing, state governments have done a little, but cities - along with the private sector - have closed 200 out of the 500 coal-fired power plants in America.”

The Ceres-backed event focused on investment opportunities provided by the global climate deal signed in Paris last year, and the “clean trillions” of dollars of capital necessary to achieve its ambitious global carbon-reducing goals; fast-growing opportunities to expand clean energy investment in developed and developing countries; and solutions to mitigating carbon asset risks, including portfolio de-carbonisation and support for economic development that is less reliant on fossil fuels.

Other speakers to address the summit included: UN Secretary-General Ban Ki-moon, Former Vice President Al Gore, UN Climate Chief Christiana Figueres, Bank of America Chairman and CEO Brian Moynihan, French Minister Ségolène Royal. Contributions were also made by ABP, AXA and BlackRock.

You can watch a report by Voice of America HERE

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