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A Breakdown of President Biden's New 鈥楪reener' Infrastructure Plan - YouTube
Channel: NBC Bay Area
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HIRE AN ADDITIONAL 1400 OFFICERS
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FOR FIRE SEASON THIS YEAR.
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>> PRESIDENT BIDEN IS TAKING ON
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CLIMATE CHANGE AS PART OF THE
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NEW INFRASTRUCTURE PLAN.
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THE BILL WOULD ALLOCATE BILLIONS
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OF DOLLARS TO TURN OUR COMMITTEE
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GREENER.
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AND HERE ARE SOME OF THE BIG
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ONES.
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THE PLAN WOULD GIVE $100 BILLION
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TO THE COUNTRY'S ELECTRICAL
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GRID.
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THAT WOULD HELP BUILD NEW POWER
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LINES THAT CAN HELP TRANSFER
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POWER OVER LONG DISTANCES.
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PLAN GIVES $174 BILLION FOR
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ELECTRIC VEHICLES.
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THIS WOULD COME AS TAX
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INCENTIVES FOR AMERICANS WHO BUY
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ELECTRIC CARS AND BUILD MORE EV
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CHARGERS AND $400 MILLION TO
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PROMOTE CLEAN ENERGY.
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IT OFFERS INCENTIVES TO ANYONE
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INSTALLING CLEAN POWER,
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HOMEOWNERS AND COMPANIES.
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AND JOINING US NOW TO DISCUSS
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ALL OF THIS THE -- IT'S NICE TO
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SEE YOUR FACE, I NEED THREE WAYS
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THE PLAN WOULD COMBAT CLIMATE
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CHANGE.
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LET'S START WITH THE MONEY THAT
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GOES TO THE ELECTRICAL GRID.
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HOW DOES IT HELP US?
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>> OUR ELECTRICAL CAL GRID IS IN
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DIRE NEED.
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IT WAS BUILT IN THE 1940s AND
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50s.
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IT WAS DESIGNED FOR A DIFFERENCE
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WORLD, YOU HAD BIG COAL FIRE
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POWERED PLANTS.
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THE WORLD WE ARE ENVISIONSING TO
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MOVE AWAY FROM IS WHERE THERE'S
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SMALL SCALE WIND POWER, SOLAR
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POWER, YOU KNOW, YOU'RE
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PRODUCING POWER, AND THE SUN IS
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SHINING AND THE WIND IS BLOWING,
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YOU HAVE TO SEND POWER LONGER
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DISTANCES.
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THE WIND IS BEST IN IOWA,
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THERE'S NOT THAT MANY PEOPLE
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THAT LIVE IN IOWA, TO SEND THAT
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ENERGY TO CHICAGO OR ST. LOUIS
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OR ALL THE WAY TO THE EAST COAST
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IS HELPFUL.
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SO, FOR A LONG TIME PEOPLE
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THOUGHT IF WE CAN BUILD A 21st
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CENTURY GRID, WE COULD SUPPORT A
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21st CENTURY ENERGY SYSTEM IS.
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AND IT'S THE BIDEN
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ADMINISTRATION RECOGNIZING THAT.
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>> OKAY, $174 BILLION TO
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ELECTRIC VEHICLES.
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WHAT IS THE MONEY FOR?
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REBATES AND STUFF?
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>> SO A GOOD PORTION OF IT,
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WOULD GO TO REBATES AND TAX
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INCENTIVES FOR AMERICANS TO BUY
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AMERICAN MADE ELECTRIC VEHICLES
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A FAIR BIT WITH WOULD GO TO
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INCENTIVES TO EV CHARGER
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DEPLOYMENT, SO THAT YOU ARE
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NEVER GOING TO BE IN A SITUATION
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WHERE YOU RUN OUT OF GAS SO TO
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SPEAK OR RUN OUT OF ELECTRICITY
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ON THE ROAD, THAT THERE WILL BE
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ENOUGH CHARGING STATIONS TO GO
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FROM ONE SIDE OF THE COUNTRY TO
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THE OTHER AND TRANSPORTATION IS
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THE SINGLE LARGEST CONTRIBUTOR
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TO OUR EMISSIONS IN THE U.S. AND
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SO, SWITCHING TO ELECTRIC
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VEHICLES IS REALLY A KEY
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TECHNOLOGYING TO HELP GET US TO
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REDUCING EMISSIONS.
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AND IT HAS MONEY TO ELECTRIFY
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ABOUT 20% OF THE U.S. SCHOOL
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BUSES AND 100% OF THE FEDERAL
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FLEET, ALL FEDERAL VEHICLES WILL
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BE ULTIMATELY ELECTRIC.
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>> THAT IS GOOD.
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AND THE REBATES ARE INCENTIVE.
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I KNOW WHEN THEY WERE IN FULL
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FORCE IN CALIFORNIA, A LOT OF
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PEOPLE BOUGHT THEM BECAUSE THEY
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CAN GET UP TO $10,000.
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SO THAT WAS A HUGE INCENTIVE.
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OKAY, WHAT ABOUT FUNDING FOR
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CLEAN ENERGY SUBSIDIES, WHAT
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DOES IT GO TOWARD HAD?
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>> SO $400 BILLION WITH A B, AND
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THAT WOULD GO TOWARD GIVING
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CLEAN ENERGY SOURCES LIKE WIND
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AND SOLAR AN ADVANTAGE OVER
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DIRTY ENERGY SOURCES LIKE COAL
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AND NATURAL GAS.
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SO, TODAY, FEDERAL SUBSIDIES,
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ARE 1/3 OF THE COST OF WIND AND
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SOLAR, THAT PROGRAM, YOU KNOW,
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IS CONTINUED FOR SHORT PERIODS
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OF TIME AND SORT OF COMES IN
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FITS AND STARTS AND THAT
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UNCERTAINTY MAKES IT HARD FOR
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PEOPLE TO PLAN FOR LONG-TERM
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POWER PROJECT.
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SO WHAT IT WOULD DO IS
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ESSENTIALLY MAKE THOSE SUBSIIES
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PERMANENT AND MAKE IT EASIER FOR
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COMPANIES TO GET THEM.
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RIGHT NOW, HER JUST TAX
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INCENTIVES, SO THE COMPANY DOES
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NOT HAVE A BIG ENOUGH TAX BILL,
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IT'S HARD TO CLAIM THE
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INCENTIVE.
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SO ON IT WILL TRANSFER THEM HAD
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MORE TO DIRECT PAYMENTS TO
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COMPANIES TO MAKE IT EASIER TO
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INSTALL SOLAR AND WIND.
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>> DO YOU THINK IT GOES FAR
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ENOUGH?
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ARE YOU HAPPY WITH THE PLAN?
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WHAT ELSE, IF THERE'S HOLES WHAT
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WOULD YOU LIKE TO SEE?
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>> I'M PRETTY HAPPY WITH THE
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PLAN.
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IF IT PASSES, IT WILL BE BY FAR
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THE BIGGEST CLIMATE BILL THAT
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EVER PASSED IN THE UNITED
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STATES.
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AND IN ADDITION TO WHAT WE
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TALKED ABOUT, IT HAS A LOT OF
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MONEY FOR, YOU KNOW, MORE
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ADVANCED RESEARCH AND
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DEVELOPMENT TO THINGS LIKE
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ADVANCED NUCLEAR POWER, AND TO
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THINGS LIKE CARBON CAPTURED
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STORAGE.
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ENHANCED GEO THERMAL, AND A LOT
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OF TECHNOLOGIES THAT THEY INVEST
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IN.
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IT'S COMPREHENSIVE AND TO BE
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HONEST, IT'S MORE THAN A LOT OF
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US WERE EXPECTING.
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>> OKAY, ZEKE, FROM THE BREAK
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THROUGH INSTITUTE, THANK YOU FOR
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