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How Trump's tax bill will influence US climate policy
Hindustan Times Gurugram
|July 05, 2025
WASHINGTON: With the passage of his party's "One Big Beautiful Bill," Republican President Donald Trump has largely delivered on his promise of curtailing 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.
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