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

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

How Landsec is greening one of the UK's largest commercial property estates

World Athletics, the FA, and Liverpool FC back sport's first climate impact playbook

More on Policy

Beyond borders: applying international innovation to UK sustainability challenges
Policy

Beyond borders: applying international innovation to UK sustainability challenges

Partner Insight: The UK has made impressive strides in embedding sustainability into the built environment. But as we face mounting climate and social challenges, it’s time to ask: what can we learn from our peers around the world?

Amelle Mestari, Equans UK & Ireland
clock 13 June 2025 • 6 min read
Acorn CCS project secures £200m in government backing
Policy

Acorn CCS project secures £200m in government backing

Firms behind carbon capture and storage project welcome £200m of initial development funding, but concerns grow over future of public sector energy efficiency funding

Michael Holder
Michael Holder
clock 12 June 2025 • 5 min read
Spending Review: All the top green commitments at a glance
Policy

Spending Review: All the top green commitments at a glance

BusinessGreen rounds up all the key spending announcements today from the Treasury in support of clean energy, low carbon industry, sustainable transport, and nature-friendly farming

Michael Holder
Michael Holder
clock 11 June 2025 • 8 min read