Reports: Biden confirms $74bn of climate funding ahead of Trump inauguration

Stuart Stone
clock • 3 min read
President Joe Biden delivers remarks on the Infrastructure Investment and Jobs Act at the General Motors Factory ZERO electric vehicle assembly plant, Wednesday, November 17, 2021, in Detroit | Credit: White House / Adam Schultz
Image:

President Joe Biden delivers remarks on the Infrastructure Investment and Jobs Act at the General Motors Factory ZERO electric vehicle assembly plant, Wednesday, November 17, 2021, in Detroit | Credit: White House / Adam Schultz

Sign off of latest wave of Inflation Reduction Act funding should 'Trump-proof' flagship green initiatives - but $20bn of previously announced funding could be vulnerable, new figures reveal

Just days before Donald Trump's inauguration next week, outgoing US President Joe Biden has locked in $74bn of funding through the Inflation Reduction Act (IRA) for a range of climate initiatives, including...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

MPs launch new cross-party group to 'rebuild consensus' on tackling climate and nature crisis

MPs launch new cross-party group to 'rebuild consensus' on tackling climate and nature crisis

UK Climate and Nature Crisis Caucus aims provide a forum in Parliament to champion climate and nature, resist division, and hold government to account on its environmental pledges

Stuart Stone
clock 30 October 2025 • 6 min read
'The route to making British people better off': Government unveils wide-ranging UK climate action plan

'The route to making British people better off': Government unveils wide-ranging UK climate action plan

Government publishes hotly-anticipated, 238-page Carbon Budget and Growth Delivery Plan compiling its policy vision for meeting the UK's statutory climate targets into the mid-2030s

Michael Holder
clock 29 October 2025 • 8 min read
'We cannot afford to slow down': The green economy reacts to the Carbon Budget and Growth Delivery Plan

'We cannot afford to slow down': The green economy reacts to the Carbon Budget and Growth Delivery Plan

Business leaders, campaigners, and climate experts react to the government's new Carbon Budget and Growth Delivery Plan

clock 29 October 2025 • 13 min read