Giving Compass' Take:

• Former New York Mayor Michael Bloomberg is funding the entirety of the United States' commitment to the Paris climate agreement to keep the promise broken by President Trump. 

• How can philanthropists support this, and other, climate projects? Is it right for private money to fulfill public commitments? 

• Learn how philanthropy can support climate projects. 

Former New York Mayor Michael Bloomberg will write a $4.5 million check to fund the United States’ annual commitment to the Paris climate deal after President Donald Trump withdrew from the pact.

Bloomberg, a billionaire philanthropist and the United Nations’ special envoy for climate action, said Sunday he will fill the U.S. funding gap after Congress said it would only pay $3 million this year to the U.N. Climate Change Secretariat. In past years, the U.S. had pledged around $7.5 million annually.

“America made a commitment, and as an American, if the government’s not going to do it, we all have responsibility,” Bloomberg said on CBS’ “Face the Nation.” “I’m able to do it, so, yes, I’m going to send them a check for the monies that America had promised to the organization as though they got it from the federal government.”

Bloomberg said he would consider bankrolling the American commitment next year if the U.S. again fails to pay. But he expressed hope that Trump would change his mind and rejoin the Paris accord.

Read the full article about Michael Bloomberg by Nick Visser at HuffingtonPost.