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People take part in a ceremony to mark the "death" of the Pizol glacier (Pizolgletscher) above Mels, eastern Switzerland, Sunday. All photos: Fabrice Coffrini/AFP/Getty Images

Hundreds of people attended a memorial service Sunday to mark the loss of Pizol glacier in the eastern Swiss Alps to global warming, NPR reports.

Why it matters: ETH Zurich university glacier specialist Matthias Huss told CNN that Pizol had "disappeared" after losing 80-90% of its volume since 2006. An April study by European researchers warns that from 2017 to 2050, about 50% of glacier volume in the Alps will vanish, "largely independently of how much we cut our greenhouse gas emissions."

The memorial took place as world leaders gathered in New York City for the UN climate summit this week.
An organizer of the "funeral march" tells CNN what's happening at Pizol is a "warning sign" about "what is going to happen if we don't change something about our behavior."
The April study determined that more than 90% of Alpine glaciers will disappear by 2100 if greenhouse gas emissions are left unchecked.

After 2050, "the future evolution of glaciers will strongly depend on how the climate will evolve," the study says.

Go deeper:

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.