The 2010s amounted to "a decade lost" for slowing climate change, as nations around the world failed to substantially rein-in the heat-trapping emissions generated by power plants, factories, cars and trucks, and other sources that burn fossil fuels, a United Nations report said Tuesday.
The Earth's average temperature is now on track to soar by close to 4 degrees Celsius – or 7.2 degrees Fahrenheit – by the end of the century compared to pre-industrial levels. Scientists have broadly concluded that the planet needs to keep warming to within 2 degrees Celsius, or 3.6 degrees Fahrenheit, to avoid the most catastrophic impacts of climate change.
Rapid rates of warming, meanwhile, are already essentially locked-in: Even ambitious new efforts to slash carbon emissions, as represented in nations' commitments under the 2015 Paris climate accord, will still produce 2.9 to 3.4 degrees of warming.
The report, from the UN's World Meteorological Organization, renewed calls for yet more urgent action to drastically reduce emissions around the world.
"There is no sign of a slowdown, let alone a decline, in greenhouse gases concentration in the atmosphere despite all the commitments under the Paris Agreement on Climate Change," WMO Secretary-General Petteri Taalas said in a statement. "We need to translate the commitments into action and increase the level of ambition for the sake of the future welfare of mankind."
Despite rapid growth in renewable energy sources such as wind and solar, sharp declines in coal-fired power generation in developed nations, and recent high-profile investments in electric vehicles and EV charging infrastructure, global emissions are next expected to peak by the end of the next decade.
"The effects of climate policies have been too small to offset the impact of key drivers of emissions such as economic growth and population growth," the report said, characterizing the finding as a "rather bleak fact."
Already, the amount of carbon dioxide in the atmosphere is comparable to 3-5 million years ago, when temperatures were roughly 2-3 degrees warmer and sea levels were 30-60 feet higher, the WMO said.
"In this critical period, the world must deliver concrete, stepped-up action on emissions," Inger Andersen, executive director of the UN Environment Programme said in a statement. "We face a stark choice: set in motion the radical transformations we need now, or face the consequences of a planet radically altered by climate change."
Krutika Amin, associate director at the Kaiser Family Foundation for the Program on the Affordable Care Act, joins Cheddar Politics to discuss the Biden administration's plan to fix the so-called 'family glitch' in the Affordable Care Act preventing millions of Americans from accessing government-subsidized health plan.
Abdallah Fayyad, opinion writer at the Boston Globe, joins Cheddar Politics to discuss the House's vote to hold former Trump aides Dan Scavino and Peter Navarro in contempt of Congress and send the recommendation to the Department of Justice. Fayyad also weighs in on the pressure facing Attorney General Merrick Garland to be more aggressive in prosecuting the January 6 case.
Those paying back federal student loans are getting a few extra months of relief. President Biden just announced another extension of the pandemic relief program allowing millions of borrowers to freeze their student loan payments. The pause began in March 2020 and it has been extended six times. Tomas Campos, co-founder and CEO of Spinwheel, joins Cheddar News to discuss.
There has been notable disagreement in the medical community about a fourth COVID-19 vaccine dose. The FDA last week authorized a second booster dose for older and immunocompromised individuals, as some agency officials did not support the idea. The FDA made the decision without meeting with its advisory committee, as it had ahead of its recommendations on the previous COVID-19 vaccine doses.
The CDC followed in the footsteps of the FDA and authorized a fourth dose as well. Reports say the agency also did not discuss the move with its own advisory team of vaccine experts. Now, a growing number of doctors are speaking out against the decisions - leaving people confused about whether they should get another vaccine dose. Dr. Julie Morita, a member of the CDC's advisory committee to the director, and the executive vice president of the Robert Wood Johnson Foundation, joins Cheddar News' Closing Bell to discuss.
The Senate has confirmed Ketanji Brown Jackson to the Supreme Court, shattering a historic barrier by securing her place as the first Black female justice and giving President Joe Biden a bipartisan endorsement for his effort to diversify the court
House Speaker Nancy Pelosi has tested positive for COVID-19, her spokesman says. That's a day after the 82-year-old Democratic leader appeared unmasked at a White House event with President Joe Biden.
JetBlue made an unsolicited offer to buy low-cost carrier Spirit Airlines, potentially jeopardizing the original offer from Frontier Airlines. Several analysts sounding the alarm on JetBlue's proposed $3.6 billion merger, saying the deal doesn't quite make sense. Jim Corridore, Senior Insights Manager at Similarweb joined Cheddar's Opening Bell to discuss.
The Biden administration is once again extending the pause on federal student loans payments — this time, through the end of August. In a statement, President Biden cited a recent analysis from the Fed that if the payments were to resume, millions of student loan borrowers would face significant "economic hardship, delinquencies, and defaults that could threaten America's financial stability." Sarah Foster, an analyst at Bankrate, breaks down the impact of the extension on borrowers, the economy, and the future of student loan forgiveness. "I think this is just an instance of the federal student loan forbearance program kind of creating additional uncertainty for borrowers, especially in the sense that these past four extensions from the Biden administration have kind of come at the 11th hour here," she said.
