• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

2

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

1

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

2

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Successphilanthropy

Billionaire Mike Bloomberg’s Philanthropies arm just announced $50 million to help cities with climate change, other global issues

By
Glenn Gamboa
Glenn Gamboa
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Glenn Gamboa
Glenn Gamboa
and
The Associated Press
The Associated Press
Down Arrow Button Icon
October 18, 2023, 11:22 AM ET
Mike Bloomberg
Billionaire Michael Bloomberg is plowing money into cities' fight against climate change.Shannon Stapleton via AP, Pool, File

Bloomberg Philanthropies unveiled a $50 million initiative Wednesday to help cities address global issues, including climate change, by launching programs proven effective in other cities around the world.

Recommended Video

The Bloomberg Cities Ideas Exchange will give city governments grants for startup costs and technical support, as well as sponsor trips and webinars to inform leaders about new programs.

“Cities are a force for change on all of the big challenges we’re facing, and we’ve long worked to spread the best ideas globally,” Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, said in a statement. “This new Bloomberg Cities Idea Exchange will intensify and expand those efforts, bringing new muscle and rigor to the replication process.”

The new initiative, announced at the Bloomberg CityLab conference in Washington on Wednesday, formalizes a process that CityLab has used for years. As former mayor of New York City, Bloomberg knows the importance of seeking out ideas that other cities have already proven, said James Anderson, who leads Bloomberg Philanthropies’ Government Innovation Program.

“He understood the unique opportunity that city leaders have to drive progress locally, but also contribute to driving around global issues like climate change,” Anderson told The Associated Press in an interview. “We looked around and we understood very quickly that many city halls did not have the capacity they needed to find solutions and to implement them locally, to make them more ambitious and move their cities and the world forward.”

They decided that philanthropy could play an important role in helping cities launch innovative programs and then unlock further funding from governments or other donors, Anderson said.

The Bloomberg Cities Ideas Exchange builds on the success of programs like an environmental initiative in Lincoln, Nebraska, that turns wood waste into a charcoal-like material called biochar that reduces the amount of carbon dioxide released into the atmosphere.

In 2022, the city received a $400,000 grant from Bloomberg Philanthropies to launch the program and it has already made a difference in the city, said Lincoln Mayor Leirion Gaylor Baird. The biochar — which the city produces from trees blown down in storms or damaged by the emerald ash borer beetle — traps carbon, conserves water and improves the soil.

“We have ambitious climate action goals,” Gaylor Baird said. “And we’re looking for innovative solutions to help us sequester carbon and improve quality of life and also just deal with some of the impacts of changing weather patterns.”

Without the Bloomberg Philanthropies grant, Lincoln would not have been able to launch the biochar initiative so quickly, Gaylor Baird said. Or receive a $100,000 grant from the Nebraska Forest Service.

Mattias Gustafsson, co-founder of the consulting firm EcoTopic and the project manager of the Stockholm Biochar Initiative, which the Lincoln project is modeled after, said he is “proud and amazed” to see the idea replicated around the world. In the United States, Cincinnati and Minneapolis have also launched biochar projects, along with Helsinki, Darmstadt, Germany, Helsingborg, Sweden, and Sandnes, Norway – all with help from Bloomberg Philanthropies.

“Cities are really crucial for fighting climate change because they have a different angle coming in,” Gustafsson said. “Cities are not trying to make a profit. They are trying to do something good for their citizens.”

The Bloomberg Cities Ideas Exchange is designed to help cities in that effort, Anderson said. Numerous projects, highlighted by Bloomberg Philanthropies’ Global Mayors Challenge, have already been replicated by cities around the world.

The Providence Talks program in Rhode Island, which helps young children learn by increasing the number of words they hear each day, has been adopted by Birmingham, Alabama. The Visor Urbano program in Guadalajara, Mexico, which allows businesses to receive licenses completely online, has already expanded to 100 other cities in Mexico and will soon launch in other Latin American cities.

Anderson said that city officials receive so much real time feedback from their residents that they are always looking for new ideas to help them do their jobs better.

“They don’t spend as much time giving speeches and engaging in partisanship because they’re in the business of delivering services that people count on every single day,” he said. “There’s an accountability to residents to bring solutions that make a difference in their lives that are visible and measurable. And the cities understand that sometimes those ideas can come from entrepreneurs at hom and other times it’s great to steal those ideas from the city down the street.”

____

Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.

At the Fortune Workplace Innovation Summit, Fortune 500 leaders will convene to explore the defining questions shaping the workforce of the future—delivering bold ideas, powerful connections, and actionable insights for building resilient organizations for the decade ahead. Join Fortune May 19–20 in Atlanta. Register now.
About the Authors
By Glenn Gamboa
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

tarot
AICulture
We talked to 12 tarot card readers who are using AI. They split in 2 camps, with big implications for the technology
By Ziv Epstein, Farnaz Jahanbakhsh, Vana Goblot and The ConversationMay 16, 2026
6 hours ago
tom
SuccessEntrepreneurs
Top Chef’s Tom Colicchio got a 15x return on a tech company most Americans have never heard of. He thinks his own industry is broken
By Nick LichtenbergMay 16, 2026
9 hours ago
Kurt Alexander, president of Omni Hotels & Resorts
SuccessCareers
Gen Z wants AI-proof jobs. The president of a 50-property hotel chain says hospitality is hiding in plain sight
By Preston ForeMay 16, 2026
10 hours ago
cyborg
Future of WorkProductivity
AI’s cyborg problem: you have to embrace it to really succeed but 90% of people can’t or don’t want to
By Nick LichtenbergMay 16, 2026
11 hours ago
connor vukelich
Future of WorkGen Z
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z’s entry-level job crisis
By Jake AngeloMay 16, 2026
12 hours ago
alex
Future of WorkGen Z
Leaders, stop with the Gen Z generalizations 
By Alex CooperMay 16, 2026
14 hours ago

Most Popular

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
Success
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
By Preston ForeMay 13, 2026
3 days ago
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
8 hours ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
4 days ago
Current price of oil as of May 15, 2026
Personal Finance
Current price of oil as of May 15, 2026
By Joseph HostetlerMay 15, 2026
1 day ago
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
Future of Work
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
By Jake AngeloMay 16, 2026
12 hours ago
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
Future of Work
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
By Jacqueline MunisMay 16, 2026
8 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.