For the first time, a COP Presidency will host the inaugural Local Climate Action Summit, which will bring together leaders from subnational governments to advocate for critical elements such as funding, authority, and support from national governments in climate initiatives.
This summit will play a crucial role in integrating subnational leaders into the global climate action agenda.
The objective is to produce concrete results and aid in the joint effort to limit the global temperature increase to 1.5 degrees Celsius.
This approach prioritizes individuals, their well-being, and their livelihoods as the focus of climate action. It acknowledges the critical role of leaders at the subnational level and highlights the importance of collaboration across various levels of governance.
The involvement of Bloomberg Philanthropies highlights a commitment to utilizing private sector resources and expertise to support climate initiatives, in line with the trend of fostering multi-stakeholder collaboration to address climate change impacts.