--- title: "Meaning & Key Takeaway of: Under my plan of a cap and trade system…" description: "\"Under my plan of a cap and trade system, electricity rates would necessarily skyrocket… Because I’m capping greenhouse gasses, coal power plants, natur..." image: "https://sms4smile.com/quotes/i/969/barack-obama-17_caps_under-my-plan-of-a-cap-and-trade-system_2723578.jpg" --- # Under my plan of a cap and trade system, electricity rates… ![“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…” quote by Barack Obama](https://sms4smile.com/quotes/i/969/barack-obama-17_caps_under-my-plan-of-a-cap-and-trade-system_2723578.jpg) [Download](https://sms4smile.com/quotes/i/969/barack-obama-17_caps_under-my-plan-of-a-cap-and-trade-system_2723578.jpg) [Open image](https://sms4smile.com/quotes/i/969/barack-obama-17_caps_under-my-plan-of-a-cap-and-trade-system_2723578.jpg) > “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.” [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Cap Trade](https://sms4smile.com/quotes/about/cap-trade-899523/) [Caps](https://sms4smile.com/quotes/about/caps/) [Climate](https://sms4smile.com/quotes/about/climate/) [Coal](https://sms4smile.com/quotes/about/coal/) [Consumers](https://sms4smile.com/quotes/about/consumers/) [Cost](https://sms4smile.com/quotes/about/cost/) [Electricity](https://sms4smile.com/quotes/about/electricity/) [Electricity Rates](https://sms4smile.com/quotes/about/electricity-rates-2901345/) [Energy](https://sms4smile.com/quotes/about/energy/) [Gas](https://sms4smile.com/quotes/about/gas/) [Greenhouse gases](https://sms4smile.com/quotes/about/greenhouse-gases/) [Greenhouses](https://sms4smile.com/quotes/about/greenhouses/) [Industry](https://sms4smile.com/quotes/about/industry/) [Names](https://sms4smile.com/quotes/about/names/) [Natural](https://sms4smile.com/quotes/about/natural/) [Natural gas](https://sms4smile.com/quotes/about/natural-gas/) [Operations](https://sms4smile.com/quotes/about/operations/) [Plans](https://sms4smile.com/quotes/about/plans/) [Plant](https://sms4smile.com/quotes/about/plant/) [Power plant](https://sms4smile.com/quotes/about/power-plant/) [Power plants](https://sms4smile.com/quotes/about/power-plants/) [Rate](https://sms4smile.com/quotes/about/rate/) [Rates Necessarily](https://sms4smile.com/quotes/about/rates-necessarily-2901347/) [Skyrocket Capping](https://sms4smile.com/quotes/about/skyrocket-capping-2901348/) [Trade](https://sms4smile.com/quotes/about/trade/) [Trade Electricity](https://sms4smile.com/quotes/about/trade-electricity-2901346/) ## Related quotes > [Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. . . . Because I'm capping greenhouse gases, coal power…](https://sms4smile.com/quotes/barack-obama/under-my-plan-of-a-cap-and-trade-system-electricity-rates-would-3/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.](https://sms4smile.com/quotes/barack-obama/under-my-plan-of-a-cap-and-trade-system-electricity-rates-would/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I did not come to Washington to raise the electricity rates by as much as $40 per month as this plan would do.](https://sms4smile.com/quotes/greg-walden/i-did-not-come-to-washington-to-raise-the-electricity-rates-by-as/) [Greg Walden](https://sms4smile.com/quotes/author/greg-walden/) > [Today, about 40 percent of America's carbon pollution comes from our power plants. There are no federal limits to the amount those plants can…](https://sms4smile.com/quotes/barack-obama/today-about-40-percent-of-america-s-carbon-pollution-comes-from-our/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The Cap and Trade Bill HR 2454 was voted on last Friday. Proponents claim this bill will help the environment, but what it really…](https://sms4smile.com/quotes/ron-paul/the-cap-and-trade-bill-hr-2454-was-voted-on-last-friday-proponents/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The US needs a cap and trade system with auctioning of licenses for emissions rights. The revenues from these auctions can be used to…](https://sms4smile.com/quotes/george-soros/the-us-needs-a-cap-and-trade-system-with-auctioning-of-licenses-for/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Nobody in this country realizes that cap and trade is a tax, and it's a great big one.](https://sms4smile.com/quotes/john-dingell/nobody-in-this-country-realizes-that-cap-and-trade-is-a-tax-and-it-s/) [John Dingell](https://sms4smile.com/quotes/author/john-dingell/) > [To some, a cap-and-trade system might sound like a neat approach where the market sorts everything out. But in fact, in some ways it…](https://sms4smile.com/quotes/bjorn-lomborg/to-some-a-cap-and-trade-system-might-sound-like-a-neat-approach-where/) [Bjorn Lomborg](https://sms4smile.com/quotes/author/bjorn-lomborg/) > [I'm not shy about stating my opinion on political issues, so I can state my opinion, which is, on this one, Premier Notley's right.…](https://sms4smile.com/quotes/naheed-nenshi/i-m-not-shy-about-stating-my-opinion-on-political-issues-so-i-can/) [Naheed Nenshi](https://sms4smile.com/quotes/author/naheed-nenshi/) > [There's such a wide variation in tax systems around the world, it's difficult to imagine a harmonized CO2 tax that every country agrees to.…](https://sms4smile.com/quotes/al-gore/there-s-such-a-wide-variation-in-tax-systems-around-the-world-it-s/) [Al Gore](https://sms4smile.com/quotes/author/al-gore/) > [Because cap and trade is enforced through the selling and trading of permits, it actually perpetuates the pollution it is supposed to eliminate.](https://sms4smile.com/quotes/james-hansen/because-cap-and-trade-is-enforced-through-the-selling-and-trading-of/) [James Hansen](https://sms4smile.com/quotes/author/james-hansen/) > [I think we can lower our emissions. I think the world will be better off if we did that, and we can do it…](https://sms4smile.com/quotes/fred-upton/i-think-we-can-lower-our-emissions-i-think-the-world-will-be-better/) [Fred Upton](https://sms4smile.com/quotes/author/fred-upton/) > [Eventually we'll use a CO2 tax offset by a reduction in taxes elsewhere alongside a cap-and-trade plan, but the degree of difficulty associated with…](https://sms4smile.com/quotes/al-gore/eventually-we-ll-use-a-co2-tax-offset-by-a-reduction-in-taxes/) [Al Gore](https://sms4smile.com/quotes/author/al-gore/) > [Cap and trade is an important tool in California's climate policy portfolio. It sends a price signal to industries to reduce their carbon pollution…](https://sms4smile.com/quotes/kevin-de-leon/cap-and-trade-is-an-important-tool-in-california-s-climate-policy/) [Kevin de Leon](https://sms4smile.com/quotes/author/kevin-de-leon/) > [When I was in Minnesota serving in the state Senate and in Washington, D.C., I did everything I could to defeat cap and trade.…](https://sms4smile.com/quotes/michele-bachmann/when-i-was-in-minnesota-serving-in-the-state-senate-and-in-washington/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) ## More by Barack Obama > [So here's what I want you to know, and here's what I want all our men and women in uniform to know: Because of…](https://sms4smile.com/quotes/barack-obama/so-here-s-what-i-want-you-to-know-and-here-s-what-i-want-all-our-men/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The peaceful transition of power is one of the hallmarks of our democracy.](https://sms4smile.com/quotes/barack-obama/the-peaceful-transition-of-power-is-one-of-the-hallmarks-of-our/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [As opposed to getting into arguments about, well, these folks have been treated fairly so now we're going to be doing things that, very…](https://sms4smile.com/quotes/barack-obama/as-opposed-to-getting-into-arguments-about-well-these-folks-have-been/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Donald Trump is temperamentally unfit.](https://sms4smile.com/quotes/barack-obama/donald-trump-is-temperamentally-unfit/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [What we've said to the girls is: 'If you guys ever decide that you're going to get a tattoo, then mommy and me will…](https://sms4smile.com/quotes/barack-obama/what-we-ve-said-to-the-girls-is-if-you-guys-ever-decide-that-you-re/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Nobody is listening to your telephone calls.](https://sms4smile.com/quotes/barack-obama/nobody-is-listening-to-your-telephone-calls/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [All of us take offense to anyone who reaps the rewards of living in America without taking on the responsibilities of living in America.…](https://sms4smile.com/quotes/barack-obama/all-of-us-take-offense-to-anyone-who-reaps-the-rewards-of-living-in/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The world is complicated and full of grays, but there's still truth there to be found.](https://sms4smile.com/quotes/barack-obama/the-world-is-complicated-and-full-of-grays-but-there-s-still-truth/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [ That is another theme in the book \[Dreams from My Father\]. How do we exercise more empathy in our public discourse? How do we… ](https://sms4smile.com/quotes/barack-obama/that-is-another-theme-in-the-book-dreams-from-my-father-how-do-we/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I can say across Europe that many principles that have been taken for granted here around free speech, and around civil liberties and an…](https://sms4smile.com/quotes/barack-obama/i-can-say-across-europe-that-many-principles-that-have-been-taken-for/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [So Americans understand the costs of war. Yet as a country, we will never tolerate our security being threatened, nor stand idly by when…](https://sms4smile.com/quotes/barack-obama/so-americans-understand-the-costs-of-war-yet-as-a-country-we-will/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I want to thank the Greek people publicly for their humanitarian response to the crisis of so many migrants and refugees seeking safety in…](https://sms4smile.com/quotes/barack-obama/i-want-to-thank-the-greek-people-publicly-for-their-humanitarian/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [We had a farewell dinner for some of my senior staff, and generally everybody likes to talk about how cool I was.](https://sms4smile.com/quotes/barack-obama/we-had-a-farewell-dinner-for-some-of-my-senior-staff-and-generally/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [ It's good to get fresh legs in \[the White house\]. I think that it refreshes our democracy. ](https://sms4smile.com/quotes/barack-obama/it-s-good-to-get-fresh-legs-in-the-white-house-i-think-that-it/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Believe it or not, entertainment is part of our American diplomacy, it is part of what makes us exceptional, part of what makes us…](https://sms4smile.com/quotes/barack-obama/believe-it-or-not-entertainment-is-part-of-our-american-diplomacy-it/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) [Explore all 3,624 Barack Obama quotes ](https://sms4smile.com/quotes/author/barack-obama/) ## More Caps quotes > [It is irresponsible to set an arbitrary cap on how much therapy a Medicare beneficiary can receive. It ignores the health needs of our…](https://sms4smile.com/quotes/john-ensign/it-is-irresponsible-to-set-an-arbitrary-cap-on-how-much-therapy-a/) [John Ensign](https://sms4smile.com/quotes/author/john-ensign/) > [When I represent my country I don't think about the number of caps, but about trying to qualify for finals. That's what counts.](https://sms4smile.com/quotes/darren-fletcher/when-i-represent-my-country-i-don-t-think-about-the-number-of-caps/) [Darren Fletcher](https://sms4smile.com/quotes/author/darren-fletcher/) > [What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory…](https://sms4smile.com/quotes/bernie-sanders/what-wall-street-and-credit-card-companies-are-doing-is-really-not/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [Coal is My Worst Nightmare.](https://sms4smile.com/quotes/steven-chu/coal-is-my-worst-nightmare/) [Steven Chu](https://sms4smile.com/quotes/author/steven-chu/) > [The man in the coon skin cap in the pig pen wants eleven dollar bills, you've only got ten.](https://sms4smile.com/quotes/bob-dylan/the-man-in-the-coon-skin-cap-in-the-pig-pen-wants-eleven-dollar-bills/) [Bob Dylan](https://sms4smile.com/quotes/author/bob-dylan/) > [I have never heard enough classical music to be able to enjoy it; & the simple truth is, I detest it. Not mildly, but…](https://sms4smile.com/quotes/mark-twain/i-have-never-heard-enough-classical-music-to-be-able-to-enjoy-it-the/) [Mark Twain](https://sms4smile.com/quotes/author/mark-twain/) > [One of the things I've become immune to is people talking about market cap and social media platforms.](https://sms4smile.com/quotes/ashton-kutcher/one-of-the-things-i-ve-become-immune-to-is-people-talking-about/) [Ashton Kutcher](https://sms4smile.com/quotes/author/ashton-kutcher/) > [If you think of the ice caps as the fridge of our planet, if your fridge at home died, the food you eat would…](https://sms4smile.com/quotes/orlando-bloom/if-you-think-of-the-ice-caps-as-the-fridge-of-our-planet-if-your/) [Orlando Bloom](https://sms4smile.com/quotes/author/orlando-bloom/) > [I'm livin' in times where my daughters are found around Kids who can't afford thinking caps... But always found drinkin' raps and eatin' off…](https://sms4smile.com/quotes/kelvin-mercer/i-m-livin-in-times-where-my-daughters-are-found-around-kids-who-can-t/) [Kelvin Mercer](https://sms4smile.com/quotes/author/kelvin-mercer/) > [Communists all seem to wear small caps, a look I consider better suited to tubes of toothpaste than to people.](https://sms4smile.com/quotes/fran-lebowitz/communists-all-seem-to-wear-small-caps-a-look-i-consider-better/) [Fran Lebowitz](https://sms4smile.com/quotes/author/fran-lebowitz/) > [People hit the sauce in a big way all winter. Amidst blizzards they wrestle unsuccessfully with the dark comedy of their lives, laughter trapped…](https://sms4smile.com/quotes/amy-gerstler/people-hit-the-sauce-in-a-big-way-all-winter-amidst-blizzards-they/) [Amy Gerstler](https://sms4smile.com/quotes/author/amy-gerstler/) > [Freshly brainwashed from rehab, I carry the bottle into the bathroom. I hold it up to the light. See the pretty bottle? Isn't it…](https://sms4smile.com/quotes/augusten-burroughs/freshly-brainwashed-from-rehab-i-carry-the-bottle-into-the-bathroom-i/) [Augusten Burroughs](https://sms4smile.com/quotes/author/augusten-burroughs/) > [It's like I'm married to the silencer, Until I file for divorce and release my ex-calibers. Do art with your arteries, place that for…](https://sms4smile.com/quotes/pharoahe-monch/it-s-like-i-m-married-to-the-silencer-until-i-file-for-divorce-and/) [Pharoahe Monch](https://sms4smile.com/quotes/author/pharoahe-monch/) > [I have not the particular shining bauble or feather in my cap for crowds to gaze at or kneel to, but I have power…](https://sms4smile.com/quotes/oliver-cromwell/i-have-not-the-particular-shining-bauble-or-feather-in-my-cap-for/) [Oliver Cromwell](https://sms4smile.com/quotes/author/oliver-cromwell/) > [That did it. I'd gone through a lot in the past few days. Everyone I met seemed to want a piece of me: djinn,…](https://sms4smile.com/quotes/jonathan-stroud/that-did-it-i-d-gone-through-a-lot-in-the-past-few-days-everyone-i/) [Jonathan Stroud](https://sms4smile.com/quotes/author/jonathan-stroud/) [Browse all 418 Caps quotes ](https://sms4smile.com/quotes/about/caps/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "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. 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