In a groundbreaking development, the Bloomberg American Sustainable Cities initiative has been launched to support 25 U.S. cities in their efforts to harness federal funding for climate action. This three-year initiative, backed by Bloomberg Philanthropies and partnering with PolicyLink, Bloomberg Center for Public Innovation at Johns Hopkins University, and Natural Resources Defense Council, aims to leverage historic levels of federal funding to build low-carbon, resilient, and economically thriving communities.

The Bipartisan Infrastructure Law and Inflation Reduction Act have made an astounding $400 billion in federal funding available for local governments to invest in much-needed infrastructure upgrades and vigorous climate action. Recognizing the urgency and significance of this opportunity, Bloomberg Philanthropies has allocated $200 million in support to selected cities, collectively representing over 10 million people.

The Bloomberg American Sustainable Cities initiative will particularly focus on addressing the disproportionate impact of climate change on disadvantaged communities. These communities, historically burdened by pollution, will receive much-needed attention and resources to promote equitable outcomes. The initiative aims to empower participating cities in leveraging and implementing federal funds for local projects that directly benefit vulnerable populations.

Key areas of focus for the Bloomberg American Sustainable Cities initiative include the development of affordable and energy-efficient housing, expanding access to clean energy, investment in electric vehicles and related infrastructure, and other transformative solutions in the buildings and transportation sectors.

The announcement of the 25 cities selected to participate in this groundbreaking initiative has created a wave of excitement and anticipation. Local governments in these cities will receive robust support from Bloomberg Philanthropies to enhance their capacity in driving climate mitigation efforts and achieving equitable outcomes.

By successfully tapping into federal funding, these cities have an unprecedented opportunity not only to combat climate change but also to improve the lives of millions of inhabitants. With access to substantial resources and a strong support structure, these cities are well-positioned to proactively address the climate crisis and create sustainable and prosperous communities.

The Bloomberg American Sustainable Cities initiative represents a significant stride towards a greener future in the United States. As these selected cities embark on their three-year journey, this initiative promises to be a pivotal turning point in the fight against climate change and the quest for a sustainable and inclusive America.