Trump Administration Braces for Clean Energy Cuts as Biden Rushes Funding

Fri Mar 14 2025 15:28:23 GMT+0200 (Eastern European Standard Time)
Trump Administration Braces for Clean Energy Cuts as Biden Rushes Funding

With a looming transition, the Biden administration races to finalize clean energy loan commitments before potential cuts under Trump.


Biden's $400 billion energy program faces uncertainty as Trump prepares to return to office. The Department of Energy is working diligently to secure funding for various projects ahead of possible policy shifts that could dismantle the current program.

The Energy Department is racing against time to secure funding for its $400 billion clean energy program as the Trump administration prepares to take over. This initiative, pivotal for funding electric vehicle, battery, and other low-emission technology projects, has seen significant commitments under President Biden, including nearly $54 billion announced thus far.

As speculation grows over Trump's plans for the Energy Department, efforts to finalize loans before January are intensifying. Some Republican lawmakers and advisors have indicated potential reforms or cuts to the Loan Programs Office as part of a broader strategy to reduce federal spending, as outlined in a conservative policy framework named Project 2025.

EVgo, an electric car charging provider, recently received a substantial $1 billion loan guarantee and is eager to finalize the deal before the new administration takes power.

Since taking office, the Biden administration has announced conditional loans, which although significant, remain vulnerable to reassessment or cancellation by incoming officials. Thus far, only about $13.5 billion of these commitments have been closed, leaving a substantial amount in limbo.

As the transition period draws near, the urgency to push through funding for clean energy initiatives has escalated, with projects in Ohio, Tennessee, Puerto Rico, and Michigan waiting for finalization. The uncertainty ahead under a Trump administration raises further concerns about the future of green energy investments critical for achieving national environmental goals.

MORE ON THEME

Fri, 14 Mar 2025 12:31:07 GMT

Hamas Offers to Free American-Israeli Hostage Amid Ongoing Tensions

Fri, 14 Mar 2025 12:31:07 GMT
Fri, 14 Mar 2025 03:15:00 GMT

High Stakes Intensify as Iran Reaches Pivotal Nuclear Decision Point

Fri, 14 Mar 2025 03:15:00 GMT
Thu, 13 Mar 2025 13:18:28 GMT

**Israel-Hamas Cease-Fire Talks Stall as U.S. Envoy Shifts Focus to Ukraine**

Thu, 13 Mar 2025 13:18:28 GMT
Thu, 13 Mar 2025 11:00:45 GMT

U.S. and Russia Engage in High-Stakes Cease-Fire Negotiations Amid Ongoing Conflict

Thu, 13 Mar 2025 11:00:45 GMT
Thu, 13 Mar 2025 01:18:43 GMT

US Tech Companies Brace for Impact Amidst Rising Tariffs

Thu, 13 Mar 2025 01:18:43 GMT
Wed, 12 Mar 2025 15:16:47 GMT

Northvolt's Bankruptcy Marks a Major Setback for European Battery Production

Wed, 12 Mar 2025 15:16:47 GMT
Wed, 12 Mar 2025 14:41:22 GMT

**US and Ukraine Pursue 30-Day Cease-Fire Amid Ongoing Conflict**

Wed, 12 Mar 2025 14:41:22 GMT
Wed, 12 Mar 2025 12:23:19 GMT

Ukraine's Cease-Fire Proposal: A Flicker of Hope Amidst Skepticism

Wed, 12 Mar 2025 12:23:19 GMT
Wed, 12 Mar 2025 04:04:36 GMT

U.S. to Enforce Visitor Registration Law for Canadians Amid Tensions

Wed, 12 Mar 2025 04:04:36 GMT
Wed, 12 Mar 2025 03:30:37 GMT

Guantánamo Bay's Tent City Project for Migrants Hits Delays

Wed, 12 Mar 2025 03:30:37 GMT
Tue, 11 Mar 2025 18:49:59 GMT

U.S.A.I.D. Under Fire for Document Destruction Amid Controversial Reforms

Tue, 11 Mar 2025 18:49:59 GMT
Tue, 11 Mar 2025 17:03:27 GMT

Tuberculosis Crisis Deepens in Kenya as U.S. Aid Cuts Take Toll

Tue, 11 Mar 2025 17:03:27 GMT
Tue, 11 Mar 2025 07:49:14 GMT

North Carolina Republican Lawmakers Push for Stricter Immigration Cooperation Laws

Tue, 11 Mar 2025 07:49:14 GMT
Tue, 11 Mar 2025 07:12:21 GMT

US Court Halts Deportation of Pro-Palestinian Activist Amid Controversy

Tue, 11 Mar 2025 07:12:21 GMT
Mon, 10 Mar 2025 18:31:32 GMT

Trump's Energy Secretary Promises Major Shift in U.S. Energy Focus

Mon, 10 Mar 2025 18:31:32 GMT
Mon, 10 Mar 2025 13:59:52 GMT

Protests Erupt Against Tesla as Backlash Grows Over Musk's Political Influence

Mon, 10 Mar 2025 13:59:52 GMT
Mon, 10 Mar 2025 07:22:11 GMT

Georgetown University Grapples with Federal Pressure on DEI Programs

Mon, 10 Mar 2025 07:22:11 GMT
Mon, 10 Mar 2025 06:50:20 GMT

Pro-Palestinian Activist Detained by U.S. Immigration Officials Sparks Outcry

Mon, 10 Mar 2025 06:50:20 GMT
Sun, 09 Mar 2025 09:35:12 GMT

Negotiations to Reestablish Russian Diplomatic Presence in the U.S. Raise Alarm Over Spy Risk

Sun, 09 Mar 2025 09:35:12 GMT
Sun, 09 Mar 2025 07:27:48 GMT

CNN Boosts Pro-Trump Voice: Scott Jennings Gets Pay Raise

Sun, 09 Mar 2025 07:27:48 GMT

Follow us

© 2024 SwissX REDD UK ltd. All Rights Reserved.