Energy Scarcity Economics Worksheet
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Energy Scarcity Economics Worksheet
📚 Part 1: Understanding Energy Scarcity
When you choose one option, you must _________________ something else.
⚡ Part 2: Energy Scenarios
Petrol prices in New Zealand have increased by 30% due to global oil shortages. Families are struggling to afford fuel for their cars, but electric vehicles are expensive to buy.
a) What is the scarcity issue in this scenario?
b) List two choices families might have:
• Building a new coal power plant (cheap, quick to build, creates jobs)
• Building a wind farm (expensive, takes longer, environmentally friendly)
What are the economic and environmental trade-offs of each choice?
🌱 Part 3: Sustainability Solutions
1. _________________________________
2. _________________________________
a) Electricity prices: ____________________
b) Transport costs: ____________________
c) Investment in renewable energy: ____________________
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