BBC: The UK just gave the car industry 15 years to ditch fossil fuels
Article published: Feb 4, 2020
IB Economics syllabus: Microeconomics (market failure, externalities of consumption)
The UK government has decided to ban the sale of all new cars that burn fossil fuels by 2030 in a bid to reach net zero carbon emissions by 2050. Hence, this is a great topic for an Internal Assessment in Economics if you’d like to write about market failure. Do not foreget to evaluate the government response to it and also talk about the threat to sustainability.
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