Economics class: US clean-energy blueprint contains 40% solar goal for 2035
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
Government intervention in markets
Click to read the article below and then answer the questions:
US clean-energy blueprint contains 40% solar goal for 2035
Define government intervention
Draw a market supply curve diagram explaining the intended effect of a government solar power energy subsidy
Explain how price elasticity of solar power could affect the new clean energy subsidy
Discuss the main factors that will make this subsidy effective in meeting Biden administration decarbonisation aim (include the possibility that this leads to undesired/unintended consequences).
Luca Scappini, Stepney Green Maths, Computing and Science College
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