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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto November 1, 2021 14:03:00

So enormous. bill, good to have you here given that you cover the climate so closely here. can you tell us what the $550 billion in the budget proposal actually does? is it realistic as the administration says that those measures could cut u.s. emissions by half by 2030? that s quite an ambitious goal. i wonder from your reality check stand point if that holds up. it s really a stretch, jim, to be honest. this is a plan with an awful lot of carrots and not enough sticks. a lot of incentives, tax incentives for folks to maybe buy an electric car, but there s no punishment for utility companies that don t switch off of coal or natural gas or something cleaner fast enough, so you may be charging your electric car with coal, which defeats the purpose. just to put it into perspective, that s $550 billion over ten years. so $55 billion a year is less ....

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