The Inflation Reduction Act is the largest climate legislation ever passed in the U.S. The bill's incentives will affect the entire energy sector, from producers of raw materials to end-use consumers. BPEA paper co-author Neil Mehrotra speaks with Sanjay Patnaik about the bill's policy implications.
The climate provisions of the Inflation Reduction Act could dramatically transform the energy sector of the U.S. economy, but the costs and the extent of new investment are highly uncertain.