Here, a deep dive into their deep pockets and the steps they’re taking. · discover how billionaire foundations are investing billions to combat climate change and the innovative strategies theyre using to make a difference. Bloomberg, a media billionaire , also pledged to work with states, cities and companies to ensure the us stays on track with its global climate commitments. That includes working with. This shift highlights the urgent need for collective responsibility in tackling climate change. · the world is facing twin crises of inequality and climate change. · 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. · billionaires are stepping back from climate advocacy, revealing the fragile nature of reliance on private wealth for public good. · billionaires get a bad rap for leaving a giant carbon footprint, but some of the world’s wealthiest people are leading the cause to help reduce the devastating effects of climate change. As the richest people, corporations, and countries emit the most carbon, oxfam has seen first-hand how they put people living in poverty and experiencing marginalization—who have very small carbon footprints—at risk of deadly climate impacts. · the ten richest people in the world have outsized influence in addressing the global sustainability challenge.