The Biden administration is seeking to quickly allocate climate funds to shore up President-elect Donald Trump's green energy policies before he takes the Oval Office in January.
In a memo released by the White House, White House Chief of Staff Jeff Zients said that in President Joe's remaining weeks, the administration will “sprint to the finish line and accomplish everything we can for the American people.” He said he intended to do so. Biden's term.
Biden officials said they plan to “mandate as much funding as possible by the end of his term,” including redirecting unused Inflation Control Act funds to support climate-related projects.
The White House also said Americans “can expect further action” on IRA funding in Democrats' climate legislation.
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President Joe Biden speaks about the latest developments in Syria from the Roosevelt Room of the White House in Washington, DC, on December 8, 2024. (Pete Marovich)
President Trump has indicated that he intends to “abolish” the IRA when he becomes president, and has described the bill as “the biggest fraud in history.”
Some House Republicans, who will hold a majority in the chamber in the next Congress, have also signaled support for reworking climate change legislation, but House Speaker Mike Johnson (R-Louisiana) told CNBC that there is “no You have to use it, and it's not a sledgehammer when it comes to bills.”
However, it is unlikely that the IRA will be completely overturned, given that nearly all of the funds have already been vested.
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White House press secretary Andrew Bates warned Republicans and the incoming administration of trying to roll back Biden's policies.
President-elect Donald Trump will be inaugurated as president on January 20, 2025. (Peter Kramer/NBC)
“Repealing President Biden's signature law would amount to a historic redistribution of wealth from working Americans to Big Pharma and China,” Bates said in a memo first obtained by NBC News. He said, adding that projects under the IRA are “locked in” despite a potential backlash. . ”
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Bates also suggested that Republican districts benefited from the IRA.
“This includes creating more than 330,000 clean energy jobs, a disproportionate share of which is in congressional districts represented by Republicans,” Bates wrote. “Thanks to the Inflation Control Act, we have already saved more than 3.4 million Americans $8.4 million in clean energy upgrades to their homes, and more than 300,000 Americans have already saved more than $2 billion upfront. I’m saving money.” [electric vehicle] Purchased item. ”
