Dive Brief:
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Former Energy Department Secretary Steven Chu was “crushed” by the voluntary energy efficiency standards for cable and satellite TV boxes that were approved in December.
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The pay-TV industry fought the standards because they would require replacing the boxes, Chu said.
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The 2009 greenhouse gas cap-and-trade bill got too complicated and wasn't adequately supported by the White House, according to Chu. Cap-and-trade can work but you have to keep it “brutally simple,” Chu said.
Dive Insight:
In a wide-ranging speech, Chu offered insights into two key issues still on the agenda in Washington: energy efficiency standards and cap-and-trade. His comments show how hard it is to get things done in Washington.