Caps Quote by Barack Obama
“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket… Because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations. That will cost money…they will pass that money on to the consumers.”
About This Quote
Cap‑and‑trade would raise electricity costs as industries retrofit to meet emissions caps, passing expenses to consumers.
In simple terms: Cap‑and‑trade may increase consumer bills.
Key Takeaway
We cost impacts of climate policies.
Themes
environment
economics
policy
energy
Mood
analytical
concerned
Type
policy
philosophical
When to use this quote
- energy bills
- legislative debates
- household budgeting
Key Concepts
carbon pricing
consumer impact
industrial adaptation
Questions to Reflect On
- How can policymakers mitigate consumer burden?
- What alternatives reduce emissions without price spikes?
A Different Perspective
Higher costs could face public opposition.
![“That is another theme in the book [Dreams from My Father]. How do we exercise more empathy in our public discourse? How do we get the black to see through the eyes of the white? Or the citizen to see through the eyes of the immigrant? Or the straight to see through the eyes of the gay? That has…” quote by Barack Obama](https://sms4smile.com/quotes/img-quotes/00d/barack-obama-17_black_that-is-another-theme-in-the-book-dreams_10185.jpg)
