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 ChuIf other countries don't impose a cost on carbon, then we will be at a disadvantage...we would look at considering perhaps duties that would offset that cost.
Steven ChuLet me state what the official IPCC prediction is: Sea levels could go up as much as three-quarters of a meter in this century, but there is a reasonable probability it could be much higher than that.
Steven ChuJust refrigerator efficiency saves more energy than all that we're generating from renewables, excluding hydroelectric power... I cannot impress upon you how important energy efficiency is. It doesn't mean you eat lukewarm food and your beers are lukewarm. You can still have it; you just make a better thing
Steven ChuBy the fourth grade, I graduated to an erector set and spent many happy hours constructing devices of unknown purpose where the main design criterion was to maximize the number of moving parts and overall size.
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