Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.
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.
Here at this site, Solyndra expects to make enough solar panels each year to generate 500 megawatts of electricity. And over the lifetime of this expanded facility, that could be like replacing as many as eight coal-fired power plants.
For half of the world's population, roughly three billion people around the world living on less than two dollars a day, an election is at best a means, not an end; a starting point, not deliverance. These people are looking less for an "electocracy" than for the basic elements that for most of us define a decent life--food, shelter, electricity, basic health care, education for their children, and the ability to make their way through life without having to endure corruption, violence, or arbitrary power.
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