Neil Mehrotra

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Articles

Climate tax policy reform options in 2025

Feb 26, 2024 | brookings.edu | John Bistline |Kimberly Clausing |Neil Mehrotra |James Stock

Because much of U.S. climate policy currently operates through the tax code, 2025 could prove to be a crucial year for U.S. climate policy choices: At the end of 2025, a large number of Tax Cuts and Jobs Act (TCJA) provisions are scheduled to expire. Policymakers across the political spectrum have expressed support for extending at least some of the expiring tax cuts and a desire to put new tax policy ideas on the negotiation table.
Climate Policy Reform Options in 2025

Feb 23, 2024 | nber.org | John Bistline |Kimberly Clausing |Neil Mehrotra |James Stock

We are grateful to Joseph Aldy, Adrian Bilal, Tatyana Deryugina, Matthew Kotchen, and Robert Stavins for helpful suggestions. All remaining errors are our own. The views expressed in this paper are those of the authors and do not represent the Federal Reserve System, the Federal Reserve Bank of Minneapolis, or the National Bureau of Economic Research. Related
Economic Implications of the Climate Provisions of the Inflation Reduction Act

May 18, 2023 | nber.org | John Bistline |Neil Mehrotra |Catherine Wolfram

Skip to main content This paper was prepared for the Brookings Papers on Economic Activity (BPEA), Spring 2023. Neil Mehrotra served as the Deputy Assistant Secretary for Macroeconomic Analysis at U.S. Treasury and Catherine Wolfram served as the Deputy Assistant Secretary for Climate and Energy Economics at U.S. Treasury. We are grateful to Curtis Carlson, Jason Furman, Ken Gillingham, Arik Levinson, and Jim Stock for helpful suggestions.
The Inflation Reduction Act could energize the economy

May 2, 2023 | mothernature.news | John Bistline |Neil Mehrotra |Catherine Wolfram

By John Bistline, Neil R. Mehrotra, Catherine WolframLast August, Congress enacted a significant piece of climate legislation, the Inflation Reduction Act (IRA). The IRA is vast and the climate issues it confronts are massive, reorienting the way the U.S. and global economies consume and produce energy. This is a mammoth task – and several initial estimates show that the Act could both lead to significant reductions in greenhouse gas emissions and drive down costs for clean energy technologies.
The Inflation Reduction Act could energize the economy

May 1, 2023 | brookings.edu | John Bistline |Neil Mehrotra |Catherine Wolfram

Last August, Congress enacted a significant piece of climate legislation, the Inflation Reduction Act (IRA). The IRA is vast and the climate issues it confronts are massive, reorienting the way the U.S. and global economies consume and produce energy. This is a mammoth task – and several initial estimates show that the Act could both lead to significant reductions in greenhouse gas emissions and drive down costs for clean energy technologies.
How much will the climate provisions in the IRA cost, and what will they achieve?

Apr 27, 2023 | mothernature.news | Neil Mehrotra |Sanjay Patnaik

Please help keep this Site Going Skip to content By Neil R.
How much will the climate provisions in the IRA cost, and what will they achieve?

Apr 27, 2023 | brookings.edu | Neil Mehrotra |Sanjay Patnaik

Among its many provisions, the Inflation Reduction Act is the largest single piece of climate legislation ever passed in the United States. The incentives in the bill will affect the entire energy sector, from producers of raw materials to end-use consumers. In a new BPEA paper, John Bistline, Neil R.
Economic implications of the climate provisions of the Inflation Reduction Act

Mar 30, 2023 | mothernature.news | John Bistline |Neil Mehrotra |Catherine Wolfram

By John Bistline, Neil R. Mehrotra, Catherine WolframThe climate provisions of the Inflation Reduction Act (IRA) signed by President Biden in August could dramatically transform the energy sector of the U.S. economy, but the costs and the extent of new investment are highly uncertain, suggests a paper to be discussed at the Brookings Papers on Economic Activity (BPEA) conference on March 30.
Economic implications of the climate provisions of the Inflation Reduction Act

Mar 29, 2023 | brookings.edu | John Bistline |Neil Mehrotra |Catherine Wolfram

The climate provisions of the Inflation Reduction Act (IRA) signed by President Biden in August could dramatically transform the energy sector of the U.S. economy, but the costs and the extent of new investment are highly uncertain, suggests a paper discussed at the Brookings Papers on Economic Activity (BPEA) conference on March 30, 2023.