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.
Beginning in November, fully vaccinated international travelers will be able to enter the United States after months of travel restrictions. People under the age of 18 and those from countries without easy access to vaccines will not be required to be vaccinated but all travelers will need to show negative COVID test results before entering.
Apple could soon face a Department of Justice antitrust lawsuit after intensifying its probe into the tech giant, according to a report. The added scrutiny comes after the tech giant had already faced questioning in Washington and concluded an antitrust case brought by Epic Games.
Last week, shares of Digital World Acquisition Corp skyrocketed after following Former Present Trump's announcement that he would be partnering with the company as part of a Special Purpose Acquisition Company, or SPAC. Christian Munafo, Chief Investment Officer of Liberty Street Advisors and portfolio Manager of the Private Shares Fund broke down the latest, including whether or not Wall Street is currently experiencing a SPAC boom.
Jill and Carlo cover the news out of Facebook's latest earnings, Tesla's monumental day, Dave Chappelle addresses controversy and the tragedy of the climate emergency.
Stocks began the week on a high note, with two indexes - the Dow and the S&P 500 - each closing at a record high. Brian Levitt, Global Market Strategist at Invesco, joins Cheddar News' Closing Bell, where he explains why the conditions were in place for a jump during the session and provides insight on inflation concerns in the United States.
The price of Bitcoin hit a new all-time high last week following the Wall Street debut of ProShares Bitcoin Strategy ETF. Todd Cipperman, Founding Principal for Cipperman Compliance Services, joins Cheddar News' Closing Bell, where he explains why ProShares' ETF got off to a hot start while Valkyrie's Bitcoin Strategy ETF, which debuted just days later, did not.
Rishi Bharwani, the director of partnerships and policy for nonprofit Accountable Tech, joined Cheddar to discuss the hot button topic of regulatory oversight of social media giant Facebook. Bharwani discussed the bipartisan pieces of legislation already making their way through Congress and said the body should pass stronger data privacy laws, ban surveillance advertising, and require meaningful accountability and transparency from the company. "Now I think we've reached a boiling point where congressional action is needed and inaction is no longer acceptable," he said. Bharwani also called for a concurrent investigation into Mark Zuckerberg's company.
The United Nations COP26 climate talks are scheduled for October 31 to November 12 in Glasgow, Scotland. Heads of state will be joined by private sector leaders to once again discuss the shrinking window of time left to take action against global temperature rise. Barbara Humpton, CEO of focused technology company Siemens U.S., is also attending and spoke to Cheddar about what she hopes to see during the conference for both the public and private spheres. "What we are really urging is that there are large commitments made in Glasgow and that we really commit to this next decade of action," she said.
Jessica Mason Pieklo, Senior Vice President and Executive Editor at Rewire News Group and co-host of the Rewire News Group podcast, 'Boom! Lawyered,' joins Cheddar News to discuss the Supreme Court decision to hear Texas abortion ban cases on Monday, November first and the complicated timeline of legal challenges up to this point.
