--- 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 gases, coal power plants, ..." image: "https://sms4smile.com/quotes/i/a82/barack-obama-17_caps_under-my-plan-of-a-cap-and-trade-system_2989750.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 gases, coal power plants, natural gas-you name it-whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money…” quote by Barack Obama](https://sms4smile.com/quotes/i/a82/barack-obama-17_caps_under-my-plan-of-a-cap-and-trade-system_2989750.jpg) [Download](https://sms4smile.com/quotes/i/a82/barack-obama-17_caps_under-my-plan-of-a-cap-and-trade-system_2989750.jpg) [Open image](https://sms4smile.com/quotes/i/a82/barack-obama-17_caps_under-my-plan-of-a-cap-and-trade-system_2989750.jpg) > “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. . . . Because I'm capping greenhouse gases, coal power plants, natural gas-you name it-whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to 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. A cap‑and‑trade system raises costs for producers, which are passed to consumers as higher electricity rates. **In simple terms:** Cap‑and‑trade can increase electricity prices. Key Takeaway Expect higher rates under cap‑and‑trade. Themes environment economics policy Mood concerned analytical Type policy economic When to use this quote - home budgeting - energy planning - policy advocacy Key Concepts externalities market mechanisms regulation Questions to Reflect On - How can subsidies offset cost spikes? - What alternatives reduce emissions without raising prices? A Different Perspective Higher rates may disproportionately affect low‑income households. ★ ★ ★ ★ ★ 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/) [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/) [Rate](https://sms4smile.com/quotes/about/rate/) [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 gasses, coal power plants, natural gas…you…](https://sms4smile.com/quotes/barack-obama/under-my-plan-of-a-cap-and-trade-system-electricity-rates-would-2/) [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/) > [We've continued progress in the six months since Trump got elected, and the good thing about what we're doing is that success begets success.…](https://sms4smile.com/quotes/michael-bloomberg/we-ve-continued-progress-in-the-six-months-since-trump-got-elected/) [Michael Bloomberg](https://sms4smile.com/quotes/author/michael-bloomberg/) > [Here at this site, Solyndra expects to make enough solar panels each year to generate 500 megawatts of electricity. And over the lifetime of…](https://sms4smile.com/quotes/barack-obama/here-at-this-site-solyndra-expects-to-make-enough-solar-panels-each/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they're going to be charged…](https://sms4smile.com/quotes/barack-obama/so-if-somebody-wants-to-build-a-coal-powered-plant-they-can-it-s-just/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [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/) > [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/) > [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/) > [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/) > [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/) > [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/) > [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/) > [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 gases, coal power plants, natural gas-you name it-whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. 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