President Donald Trump announced Monday the U.S. would begin the process of withdrawing from the Paris Agreement again.

Michael Bloomberg, the former mayor of New York, will help cover US financial obligations under the Paris Agreement as President Donald Trump prepares to leave the global climate agreement.

Billionaire Michael Bloomberg said his foundation will fund the UN climate change body after President Donald Trump withdrew the US from the Paris Agreement.

open image in gallery Billionaire Michael Bloomberg ... marks the second time Bloomberg has stepped in to help uphold funding and reporting commitments under the Paris agreement.

Former New York Mayor Michael Bloomberg's philanthropy arm said on Thursday it will provide funding to help cover the U.S. contribution to the U.N. climate body's budget, filling a gap left by President Donald Trump.

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Bloomberg boosts UN climate finances after US exits Paris Agreement, ensuring global climate progress with vital support and reporting commitments.

This marks the second time Bloomberg, the former mayor of New York, has stepped in to fill the gap left by U.S. federal disengagement.

The UN climate change body will receive funding from the foundation of billionaire Michael Bloomberg after President Donald Trump declared the United States would withdraw from the Paris Agreement for the second time.

"We are moving forward regardless of what this administration is or is not doing, because we have to," a manager of the group America Is All In told Newsweek.

Businessman and former New York Mayor Michael Bloomberg said this week his philanthropic foundation will contribute the U.S.’s financial obligations under the Paris Climate Agreement to the United Nations Framework Convention on Climate Change (UNFCCC) after President Trump announced he would withdraw the U.

Media Billionaire and former New York Mayor Michael Bloomberg’s philanthropy arm set to fund the US’s contribution to the U.N. climate body’s budget after Donald Trump withdrew American contribution to the Paris climate agreement,