The International Energy Agency (IEA) projects that global demand for metallurgical coal (coking coal) used in traditional steel blast furnaces will enter a structural decline by 2035 as steelmakers increasingly transition to green hydrogen-based direct reduced iron (DRI) technologies.
Evaluate the likely microeconomic consequences of steel manufacturers shifting from coal-fired blast furnaces to green hydrogen-based production methods.
54 exam-style questions on Edexcel A A Level Economics 1.3.2 Externalities. Each one has a worked solution and a mark scheme showing where the marks go.