When it comes to addressing climate change, the Earth's oceans need to have a larger role in our efforts to combat the crisis, according to Phillippe and Ashlan Cousteau, co-authors of Oceans for Dummies, and the sea is in fact "central" to the discussion.
"When you think about our planet, 71 percent is ocean, so right there we have a lot of space to cover. And really, our ocean has done us a huge service by actually absorbing about a third of the carbon emissions that we have put into our atmosphere through the burning of fossil fuels," Ashlan Cousteau said.
She explained that while the ocean acts as one of our first lines of defense, it has become overwhelmed, the waters have become acidic, and as a result, crucial resources at the bottom of the food chain have been significantly impacted.
The couple also agreed that one of the biggest misconceptions about the ocean is that it's "too big to fail" but in reality, it is already failing. One of the biggest indicators that the oceans are in dire need of restoration is the fact that they are warming.
"In some cases, we talk about climate 'weirding' or certainly climate change, it's because of the function of the ocean and how it moves heat around the planet. As it's warming, that is being impeded and thus our entire planet is changing with disastrous consequences," noted Phillippe, the grandson of legendary undersea explorer Jacques Cousteau.
Furthermore, not only are humans distorting the physical makeup of the ocean, we are also depleting food resources through excessive fishing, said the duo.
The couple heads up the nonprofit organization EarthEcho International where the mission is to empower global youth populations and educate them so they can set out to "restore and protect the ocean and planet."
"Fundamentally, what it's about is recognizing the next generation is optimistic and determined, and we can't build an effective global environmental movement and grow that movement without targeting education and youth empowerment," Phillippe said.
As President Joe Biden hosts world leaders in a virtual climate summit to establish goals to keep warming at bay, the Cousteaus are hoping the role oceans play in the fight against climate change gets prioritized.
"I think that a lot of times the ocean has been left out of our planet conversation, out of our save the planet, and out of the climate crisis," Ashlan said. "So, we really do hope that people are coming around, and we think that they are. Literally, there is a wave of people that see the ocean now as one of our best ways to save us."
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
Americans continue to feel the pain at the pump as a result of Russia’s invasion of Ukraine. Patrick DeHaan, head of petroleum analysis at GasBuddy, joined Cheddar News to discuss how prices are being affected by the war and how much worse it could potentially get for drivers. "It's obviously a fluid situation. In one field today, I might feel differently in a half hour. But for now, I think we could see the national average realistically go somewhere into the mid $4 range, maybe $4.40 to $4.65 based on what we're seeing," he said.
Russia’s invasion of Ukraine has entered its 12th day following what Ukrainian authorities described as increased shelling of encircled cities and another failed attempt to evacuate civilians from the port city of Mariupol.
Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.
Jay Hatfield, Chief Investment Officer at ICAP, believes a lot of the bad news regarding the fighting in Ukraine and Fed is already priced into the market and looming uncertainty factored into Friday's movement. However, he also believes the upcoming Fed decision will be good news for Wall Street.
News of Russian forces taking control of a Ukrainian after artillery bombardment of a nuclear power plant raised concerns this week. Nuclear policy expert and Quincy Institute Distinguished Fellow Joe Cirincione joined Cheddar News to discuss the implications for a potential disaster. “I’m with the director general of the IAEA, the International Atomic Energy Agency. He says that he is extremely concerned, and that this Russian attack is a severe risk and that Russia clearly violated the fundamental principle of preserving the integrity of nuclear power plants," Cirincione said.
Amid Russia's attack on Ukraine, major businesses from BP to Big Tech like Apple have been pausing their business dealings with the invading nation. Brian Walker, chief strategy officer at commerce software company Bloomreach, joined Cheddar News to discuss how some companies are showing support for Ukraine and what this could mean for consumers. "Whether it be impacts on energy or operational costs, shipping and logistics, or frankly impacts on the financial services industry, these will have long term implications on retail prices," he said.
