The Biden administration is rushing to allocate over $74 billion for climate initiatives to secure funding before potential rollbacks from Trump's incoming administration.
With about $20 billion still unallocated, there’s a risk that Trump could rescind this funding once he takes office, impacting key climate programs.
Many of the clean energy initiatives, such as tax credits and loans for clean technologies, must be rapidly awarded to protect them from future political changes.
Trump has openly criticized the Inflation Reduction Act, dubbing it a major 'scam,' revealing that he intends to undo unallocated expenditures as soon as possible.
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