The Biden administration is making final efforts to secure billions of dollars in funding for climate change and clean energy initiatives before President-elect Donald Trump takes office. To date, $74 billion from the Inflation Reduction Act has been allocated to renewable energy, electric vehicles and other environmental projects.
White House officials are working to finalize these commitments to make them harder to reverse. Trump has pledged to rescind any unspent funds, describing the Inflation Reduction Act as the “greatest scam in the history of any country.”
Republican House Speaker Mike Johnson has also indicated plans to reassess climate-related tax credits, labeling them “wasteful.”
While the majority of the legislation’s funding has been allocated, approximately a fifth of its available money, or $20 billion, remains unspent and potentially vulnerable to rollback.
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This includes financing for climate-smart agriculture, home energy efficiency upgrades, conservation programs and coastal community support.
Despite Trump’s expected attempts to curtail parts of the Inflation Reduction Act, experts suggest a complete dismantling of it is unlikely. Over 75% of the bill’s announced spending has occurred in Republican districts, creating thousands of jobs, which has reportedly left some GOP lawmakers hesitant to pursue a full repeal.
