Driving Collective Action
Bloomberg New Economy Coalitions are data-driven, community-led initiatives that bring together leading experts across the public and private sectors for dialogue, collective recommendations and commitments, and coordinated action around urgent global challenges. Bloomberg New Economy is currently working on three coalitions: the Energy Technology Coalition, the International Cancer Coalition, and the Dynamic Cities Coalition.
Energy Technology Coalition
The Bloomberg New Economy Energy Technology Coalition galvanizes global decision makers and experts across industries to accelerate the adoption of technologies that make energy consumption more efficient, resilient, and responsive amid soaring global electricity demand. While the required transformation poses a significant global challenge, it also presents one of the biggest economic opportunities of our generation. As such, this invite-only working group aims to help companies, cities, and countries navigate this moment by focusing on where and why deployment of demand-side technologies is stuck, what’s working quietly, and what levers are being overlooked.
International Cancer Coalition
10 million people die of cancer globally each year. While the scientific community has made remarkable strides in delivering breakthrough therapies, we continue to face challenges in cancer drug development in terms of access to clinical trials, diversity and speed to market. The average development timeline for a cancer drug is 9.4 years. Clinical trials represent the critical step of translating scientific discovery to clinical practice, thus saving lives, yet only 2-8% of cancer patients are enrolled on to clinical trials. The Bloomberg New Economy International Cancer Coalition is working to tackle these challenges.
Dynamic Cities Coalition
By 2050, 7 billion people will live in cities and the global building stock will double. In the face of this rapid urbanization, widespread economic volatility, and climate catastrophe, society needs new sustainable development models and resilience strategies to harness the full potential of the world’s principal motors of growth.
This Coalition brings together a diverse set of stakeholders—from real estate developers, architects, and financiers to municipal officials and urban experts—to catalyze and design the path to progress in New Economy cities. By taking a holistic approach to urban development that is founded on clear metrics and data, we can optimize and drive capital toward sustainable solutions across the urban value chain and resilient growth in cities.
Climate Technology Coalition
The Bloomberg New Economy Climate Technology Coalition aims to identify and rapidly scale the next generation of climate-critical green technologies that will be instrumental in achieving the world’s climate goals. Renewable energy took over 20 years to reach the much needed scale that it has achieved today. Led by a global Steering Committee of established leaders from across sectors and industries, this Coalition has set an ambitious agenda to unlock pathways to accelerate this timeframe to within a decade.
