Michael Bloomberg Launches $500 Million 'Beyond Carbon' Campaign

"Michael R. Bloomberg, the former mayor of New York City, said on Friday [June 7] he would donate $500 million to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas," reports Lisa Friedman, who focuses on climate and environmental policy in Washington for The New York Times.

The new campaign, called Beyond Carbon, is designed to help eliminate coal by focusing on state and local governments. The effort will bypass Washington, where Mr. Bloomberg has said national action appears unlikely because of a divided Congress and a president who denies the established science of climate change.

“We’re in a race against time with climate change, and yet there is virtually no hope of bold federal action on this issue for at least another two years,” Mr. Bloomberg said in a statement before the announcement, which he made in a commencement address at the Massachusetts Institute of Technology.

David L. Chandler of the MIT News Office captured some of the many highlights of Bloomberg's 22-minute commencement address (see video and transcript) to the Class of 2019:

“The challenge that lies before you — stopping climate change — is unlike any other ever faced by humankind,” Bloomberg said. “The stakes could not be higher."

And finally, because climate change is currently a political problem, not a scientific or technological one, Bloomberg said, the initiative will be engaged in elections across the country. “At least for the foreseeable future, winning the battle against climate change will depend less on scientific advancement and more on political activism. … Our message to elected officials will be simple: Face reality on climate change, or face the music on election day,” he said.

"A spokesman for Mr. Bloomberg said most of the money would be spent over the next three years, though the time frame could be extended," adds Friedman.

It will fund lobbying efforts by environmental groups — in state legislatures, City Councils and public utility commissions — that aim to close coal plants and replace them with wind, solar and other renewable power. Part of the cash also will go toward efforts to elect local lawmakers who prioritize clean energy.

War on coal revival?

The campaign in some ways is reminiscent of how the coal industry and their Republican allies in Congress framed a major part of former President Obama's climate initiative, calling it a "war on coal," particularly the Clean Power Plan rule which would have addressed carbon emissions from existing power plants. The rule was struck down by the U.S. Supreme Court in June 2014. The Trump administration initiated the effort to repeal it in 2017, proposing a far more lax plan known as the Affordable Clean Energy Rule last August.

As Bloomberg stated in his MIT commencement address, it will largely be a political campaign, patterned on the "Beyond Coal" campaign he launched with the Sierra Club in July 2011 with a $50 million donation with the goal of closing at least a third of the country’s coal plants. Friedman notes that "Bloomberg has already donated more than $150 million to the Sierra Club and other environmental organizations" as part of the Beyond Coal campaign.

"With 289 of 530 closed to date – more than half the country’s coal fleet – Beyond Carbon will aim to close the rest [241] by 2030 and stop the rush to build new gas plants," according to Bloomberg Philanthropies. 

We will employ the same advocacy, legal, and electoral strategies that have proven so successful in retiring coal-fired power plants – which we have continued to close at the same fast rate under this administration as we did under the previous one – and also in passing gun safety background check laws in states around the country.

To be sure, the primary reason for coal power plant shuttering is not attributed to political advocacy but market forces, notes Friedman, especially to "inexpensive natural gas and the falling costs of wind, solar and other renewables," which brings up the second and likely more challenging component of Beyond Carbon. 

Natural gas component

Here's what Bloomberg told MIT's Class of 2019 on Friday:

Second, we will work to stop the construction of new gas plants. By the time they are built, they will already be out of date – because renewable energy will be cheaper. [...] We don't want to replace one fossil fuel with another. We want to build a clean energy economy...