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The UN reappointed former New York City mayor Mike Bloomberg as its special envoy for climate change

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Former Democratic presidential candidate Mike Bloomberg addresses his staff and the media after announcing that he will be ending his campaign on March 04, 2020 in New York City.

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The United Nations has reappointed former New York City Mayor Michael Bloomberg as a special envoy for climate change ahead of the UN climate summit in Scotland later this year.

UN Secretary-General António Guterres on Friday in a statement confirmed Bloomberg as his "special envoy for climate ambition and solutions." Bloomberg was first appointed UN special envoy on cities and climate change in 2014 by UN Secretary-General Ban Ki-moon.

Bloomberg would work with governments, companies, cities, and financial institutions to ensure they pledge to cut emissions and commit to net-zero before 2050, Guterres said.

He would also work with countries and industries that have very high emissions and help them transition to quickly phase out coal and move to clean energy, in line with the Paris Agreement, Guterres said.

Bloomberg will be global ambassador for the campaigns "Race to Zero" and "Race to Resilience," which rally businesses, cities, and investors to mobilize climate action.

Read more:Big countries are refusing to tackle climate change, so companies are stepping in. Take an exclusive look at a tool the UN hopes will revolutionize the way these businesses track sustainability goals.

In a tweet on Friday, Bloomberg said he was honored to serve as the UN's special envoy, adding " climate change is a global challenge, and I'm looking forward to continuing to accelerate progress."

Bloomberg, a billionaire philanthropist, dropped out of the race for the 2020 Democratic nominee in the US presidential nominations in early March.

He spent more than $1 billion of his own money on his presidential campaign.

SEE ALSO: Mike Bloomberg's failed presidential campaign cost him over $1 billion. Here are some of the things the billionaire spent money on, from free booze and NYC apartments for staff to sponsored Instagram posts.

SEE ALSO: Michael Bloomberg spent $1 billion this election cycle and is coming away with huge losses

SEE ALSO: The UN told employees they're not allowed to protest because it could undermine impartiality, and said they should retweet UN press releases instead

SEE ALSO: The United Nations just said that coronavirus could wipe out the equivalent of 195 million jobs worldwide

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