A cap and trade bill will likely increase the costs of electricity. . . . These costs will be passed on to the consumers. But the issue is, how does it actually...how do we interact in terms with the rest of the world? If other countries don't impose a cost on carbon, then we would be at a disadvantage. . . . We should look at considering duties that would offset that cost.
Steven ChuEducation in our family was not merely emphasized, it was our raison d'etre ... In this family of accomplished scholars, I was to become the academic black sheep. I performed adequately at high school, but in comparison to my older brother, who set the record for the highest cumulative average for our high school, my performance was decidedly mediocre.
Steven ChuThe biggest gains, in terms of decreasing the country's energy bill, the amount of carbon dioxide we put into the atmosphere, and our dependency on foreign oil, will come from energy efficiency and conservation in the next 20 years. Make no doubt about it. That's where everybody who has really thought about the problem thinks the biggest gains can be and should be.
Steven Chu