This program provides direct funding, technical assistance, and institutional support to participating city councils. The main objective is to foster the active participation of young people aged 15 to 24 in creating proposals aligned with each municipality's strategic priorities.
“"It is important that the city is once again chosen by a prestigious entity like Bloomberg Philanthropies to implement a project that will benefit young people, who will be able to make proposals related to climate change and their city."
Specifically, Valencia will need to launch calls for proposals aimed at young people living in the city to submit innovative climate-related ideas. Selected projects receive an initial grant of up to $50,000 from Bloomberg Philanthropies, along with specialized technical support. If this first phase is successfully executed, access to an additional funding phase is possible to expand the scope of actions.
The announcement was made during Bloomberg CityLab 2026, held this week in Madrid with participation from 300 cities worldwide. Results from the program's first phase, implemented in 98 cities across 34 countries, show a significant impact in both environmental and governance terms. Key indicators include a 22 percentage point increase in youth trust towards their local governments and an enhanced perception of their ability to address climate challenges.
Globally, the program's expansion incorporates 300 new cities across the Americas, Europe, Africa, Asia, Oceania, and the Middle East. Since its launch, over 300,000 young people have participated in the Youth Climate Action Fund, contributing to the creation of green spaces, improvement of urban infrastructure, waste reduction, and the development of sustainable solutions with a direct impact on citizens' quality of life.
