The US Department of Energy plans to cancel more than US$13bn in "unobligated funds" that were initially pledged by the previous Administration to renewable projects, without specifying which funds would be targeted. The US Administration now aims to terminate the so-called "Green New Scam" agenda, and to stop spending on climate policies, while boosting fossil fuels industries.
In May 2025, the White House had announced plans to end the "Green New Scam", including US$15bn of Infrastructure Investment and Jobs Act (IIJA) Green New Deal Funding for renewable energies, CO2 removal, electric vehicles and batteries, and terminating US contributions to the Global Environment Facility and the Climate Investment Funds, as well as the Environmental Protection Agency (EPA) Environmental Justice programme. Meanwhile, the US House of Representatives had passed the "One, Big, Beautiful Bill" Act, a legislation that withdrew provisions from the Inflation Reduction Act (IRA) to strengthen the development of green energy, among other things. The bill, signed into law in July 2025, aims to repeal some of the IRA programmes, and other acts’ provisions such as the Greenhouse Gas Reduction Fund and funding to reduce air pollution and the programme for diesel emissions reductions, cutting back key provisions of clean energy and manufacturing tax credits.
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