Try GOLD - Free
How Trump’s tax bill will impact US climate policy
Hindustan Times Ranchi
|July 05, 2025
With the passage of his party's “One Big Beautiful Bill,” Republican President Donald Trump has largely delivered on his promise of curtai ing Joe Biden's landmark climate law.
The Inflation Reduction Act (IRA), signed by Biden in 2022, was the largest climate investment in US history, allocating around $370 billion in tax credits for renewable energy projects, efficient appliances, and more. Much of that now faces imminent repeal.
“These credits were all huge motivating incentives for clean energy to be built out across the country,” said Jean Su, senior attorney at the Center for Biological Diversity. “With those removed, those renewable energy projects are all at risk of entirely failing.”
Su noted the cuts come amid surging electricity demand from AI data centers.
This story is from the July 05, 2025 edition of Hindustan Times Ranchi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Ranchi
Hindustan Times Ranchi
Bihar’s moment of transition
Samrat Choudhary as the state’s first BJP chief minister marks both change and continuity
2 mins
April 15, 2026
Hindustan Times Ranchi
INDIA AUTO SALES RISE 10.4% TO RECORD 28.3 MN UNITS IN FY26
Automobile wholesale sales in India posted a record at 28,265,519 units in FY26, up 10.4% year-on-year with all segments—passenger and commercial vehicles, two and three-wheelers—recording the highest-ever sales in a fiscal, with GST 2.0 proving to be a key growth driver, Society of Indian Automobile Manufacturers (SIAM) said on Tuesday.
1 min
April 15, 2026
Hindustan Times Ranchi
End of the road for India’s Red rebellion
Today, there is music in the midst of desolation.
4 mins
April 15, 2026
Hindustan Times Ranchi
Walking the talk on empowering women
In a few days from now, Parliament will convene for a special session — to take up amendments to the Nari Shakti Vandan Adhiniyam that will bring 33% reservation for women in Lok Sabha and state assemblies into force from the 2029 general elections.
3 mins
April 15, 2026
Hindustan Times Ranchi
Case for an atmanirbhar cyber suraksha mission
The cyberwar has already begun — and India is not responding at the level the threat demands
4 mins
April 15, 2026
Hindustan Times Ranchi
A Delhi template for the electrification of transport
Why Delhi’s new EV policy draft is what Indian states need
4 mins
April 14, 2026
Hindustan Times Ranchi
India’s retail inflation rises to 3.4% in March
India’s headline retail inflation rose to 3.4% in March 2026, from 3.2% in February, according to data released by the National Statistics Office ‘on Monday.
1 mins
April 14, 2026
Hindustan Times Ranchi
Babasaheb in our times
Everyone wants a share of his legacy, but how much of his liberal vision guides their politics?
2 mins
April 14, 2026
Hindustan Times Ranchi
India’s many New Years reflect ancient knowledge
I am delighted to extend my traditional New Year greetings to all in India and around the world on the occasions of Baisakhi, Rongali Bihu, Maha Bishuba Pana Sankranti, Poila Boishakh, Vishu, and Puthandu, which reflect the spirit of Ek Bharat Shreshtha Bharat.
3 mins
April 14, 2026
Hindustan Times Ranchi
Air India’s continuing saga of turbulence
Campbell Wilson's recent resignation as Air India chief executive officer (CEO) can be seen as an admission of the failure to turn the airline around.
3 mins
April 14, 2026
Listen
Translate
Change font size