If there is a regulation that says you have to do something-whether it be putting in seat belts, catalytic converters, clean air for coal plants, clean water-the first tack that the lawyers use, among others things, and that companies use, is that it's going to drive the electricity bill up, drive the cost of cars up, drive everything up. It repeatedly has been demonstrated that once the engineers start thinking about it, it's actually far less than the original estimates. We should remember that when we hear this again, because you will hear it again.
Steven ChuMy physics teacher, Thomas Miner was particularly gifted. To this day, I remember how he introduced the subject of physics. He told us we were going to learn how to deal with very simple questions such as how a body falls due to the acceleration of gravity.
Steven ChuI also developed an interest in sports, and played in informal games at a nearby school yard where the neighborhood children met to play touch football, baseball, basketball and occasionally, ice hockey.
Steven ChuAt Rochester, I came with the same emotions as many of the entering freshman: everything was new, exciting and a bit overwhelming, but at least nobody had heard of my brothers and cousins.
Steven ChuWhat the American family does not want is to pay an increasing fraction of their budget, their precious dollars, for energy costs.
Steven ChuA 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 Chu