Overview

• The Biden administration is accelerating efforts to allocate remaining Inflation Reduction Act (IRA) funds and finalize climate-related regulations before President-elect Donald Trump takes office in January.
• White House Chief of Staff Jeff Zients has instructed federal agencies to commit as much funding as possible, with 98% of IRA funds already awarded or obligated as of October.
• Key initiatives include funding for clean energy projects, electric vehicle infrastructure, and renewable energy incentives, with over $41 billion in pending conditional loan commitments from the Energy Department's Loans Program Office.
• Republicans, including Trump, have expressed intentions to reverse or redirect unspent IRA funds, though many projects have been structured to make rollbacks more difficult.
• Environmental advocates are urging the administration to take additional steps, such as rejecting new natural gas export facilities and approving California's proposed phaseout of gas-powered cars by 2035.