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The Guardian: Carbon floor price hike will trigger UK coal slowdown, say analysts

Article published: Apr 2, 2015 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Microeconomics (Govt’ intervention, minimum price/price floor, carbon tax)

“Coal-fired power plants are set to be taken offline this year as a result of the doubling of the UK’s top-up carbon tax on Wednesday, according to market analysts.” Since this is a longish article, make sure you highlight the parts that you are referring to in the commentary.

Source of image: Nick Moore/Alamy

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