US: Biden protects 84% of IRA clean energy grants
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Posted On: 02/27/2025 9:36:11 AM
US: Biden protects 84% of IRA clean energy grants from being clawed back
WASHINGTON, Jan 17 (Reuters) - U.S. President Joe Biden's administration has protected about 84%, or $96.7 billion in clean energy grants created by its signature climate law from any clawback by the next administration, a White House official said on Friday.
WHY IT'S IMPORTANT
The 84% of the grants from the Inflation Reduction Act have been "obligated", meaning contracts have been signed between U.S. agencies and recipients. The outgoing administration hopes this will help to continue the deployment of clean energy even after Monday's inauguration of President-elect Donald Trump, a climate change skeptic who has pledged to rescind all unspent IRA funds.
https://www.reuters.com/sustainability/climat...025-01-17/
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WASHINGTON, Jan 17 (Reuters) - U.S. President Joe Biden's administration has protected about 84%, or $96.7 billion in clean energy grants created by its signature climate law from any clawback by the next administration, a White House official said on Friday.
WHY IT'S IMPORTANT
The 84% of the grants from the Inflation Reduction Act have been "obligated", meaning contracts have been signed between U.S. agencies and recipients. The outgoing administration hopes this will help to continue the deployment of clean energy even after Monday's inauguration of President-elect Donald Trump, a climate change skeptic who has pledged to rescind all unspent IRA funds.
https://www.reuters.com/sustainability/climat...025-01-17/
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