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Billionaire Bloomberg to fund UN climate body after US withdrawal

US businessman Michael Bloomberg speaks at the Bloomberg Global Business Forum in New York on September 24, 2024. [File, AFP]

Billionaire entrepreneur Michael Bloomberg announced Thursday that his foundation will step in to fund the UN climate change body after President Donald Trump declared the United States would withdraw from the Paris Agreement for the second time.

Bloomberg's intervention aims to ensure the United Nations Framework Convention on Climate Change (UNFCCC) remains fully funded despite the United States halting its contributions.

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