"WASHINGTON - Former President Donald Trump has said he would cancel all unspent funds from President Joe Biden's signature climate law if he wins the presidential election on Nov. 5.
But the vast majority of grants will be spent by the time a new president takes office in January, and targeting what remains would be a massive legal challenge, according to Biden administration officials.
The Biden administration has awarded $90 billion in grants to climate, clean energy, and other projects so far under the 2022 Inflation Reduction Act, which amounts to 70% of the law’s roughly $120 billion in total climate-focused grant money and over 80% of what the law made available before 2025, according to administration officials."
Source: Reuters, 09/19/2024
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