Co-Author of Chilling Climate Change Report Warns of Imminent Threat to Economy
*By Christian Smith*
If you didn't find this weekend's dramatic climate report unsettling, read it again.
Andrew Light, distinguished senior fellow at the World Resources Institute and co-author of the report, said on Cheddar Monday that the effects of climate change are imminent ー unless the federal government acts now.
"It is threatening almost every sector of the economy ー of course more so those sectors that are dependent on natural resources," Light said.
"We should start moving with the most effective and efficient policies that can begin switching our energy sources in earnest from fossil-fuel based to non-fossil fuel based, and also begin to lead the entire country on measures towards adaptation and resilience."
The Trump administration released its dire findings on the Friday after Thanksgiving, timing many have called suspicious ー among them, Politico reporter Matt Daily, who thinks officials meant to bury the news on a holiday weekend.
"I don't know if burying it on Black Friday was a very successful tactic," Daily told Cheddar, noting that the attempt to downplay the news only handed environmental advocates a new line of criticism against the administration.
The [National Climate Assessment](https://nca2018.globalchange.gov/), which is required by federal law to be published every four years, found that climate change will cost the American economy hundreds of billions of dollars by the end of the century and will endanger thousands of American lives each year. The White House issued a [statement](https://www.nytimes.com/2018/11/25/climate/trump-climate-report.html) saying that the report, which was instituted under the Obama administration, was "largely based on the most extreme scenario” of global warming.
Daily disagreed.
"That's a bit of a stretch, to put it mildly," Daily said. "The report offers quite a wide range of what's possibly coming our way by the end of the century."
Light noted that some states and cities were already moving in the right direction ー but he added the federal government needs to take the lead.
"The U.S. federal government is not leading even though we are seeing states and cities do quite a lot," Light said.
Matt Hayden, vice president of govtech solutions at Exiger and a former assistant secretary of cyber at Department of Homeland Security, joined Cheddar to discuss the surprise phone call initiated by Russian President Vladimir Putin to President Joe Biden, ahead of January security talks about the rising tensions over Ukraine. "We're hoping to hear that we're able to talk about the aggression and the leadup of the Ukrainian militarization," Hayden said. "But we're also looking to hear is how the Kremlin leveraged their talking points to try to test their negotiation stance with the United States leading into this January 10th meeting."
The No Surprises Act begins implementation on January 1, 2022. The legislation is meant to curb the practice of unexpected billing for care from providers the patient was unaware were out-of-network from their insurance. Patricia Kelmar, director of health care campaigns for U.S. PIRG joined Cheddar to describe the hundreds, sometimes thousands, of dollars charged to unsuspecting patients and how things will change under the new law. "If we are picking an in-network doctor and an in-network hospital, we should not see those added costs from anesthesiologists, radiologists, scrub-in surgeons," she said. "The other area it protects you is in air ambulances — not ground ambulances, unfortunately — but the helicopters or the airplanes you might need to transport you in an emergency situation."
President Joe Biden and Russian President Vladmir Putin are expected to have another conversation surrounding escalating tensions between Russia and Ukraine. Ariel Cohen, senior fellow at the Atlantic Council, joined Cheddar's Ken Buffa to discuss the ongoing tensions and why Putin's request for a conversation with Biden comes now. "This is very serious. This is the worst security crisis we had since the collapse of the Soviet Union," Cohen told Cheddar.
Stocks closed mixed on Wednesday, but two indexes - the Dow and the S&P 500 - ended the session with a new record. Akshata Bailkeri, Equity Analyst at Bruderman Asset Management, joins Cheddar News' Closing Bell, where she says there is a consensus for robust consumer spreading in 2022, especially as the Omicron variant is proving to be milder than other COVID-19 strains.
John Quelch, Dean of Miami Herbert Business School, joins Cheddar News' Closing Bell, where he says the retail giant is acting in accordance to President Biden's new law banning goods from China's Xinjiang region. Quelch also elaborates on the importance of China in Walmart's overall strategy.
