Executive Order Halts Infrastructure, Clean Energy Funding

TL/DR –

President Trump has issued an executive order suspending the disbursement of Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) funding. The suspension is intended to end the Green New Deal and reevaluate spending priorities, with a particular focus on rolling back climate policies such as electric vehicle incentives and renewable energy. However, the administration cannot reclaim about 84 percent of the clean energy funding that has already been contractually committed to projects.

Trump Suspends Green New Deal Funding in Executive Order

President Trump issued an executive order on Monday suspending the disbursement of Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) funding, as reported by Smart Cities Dive. This move is seen as an attempt to halt the “Green New Deal” and reassess spending priorities. It shows Trump’s intent to roll back the Biden administration’s climate policies.

The suspension, while not unusual for new administrations evaluating disbursements, specifically targets electric vehicle incentives and renewable energy. It also halts funding for infrastructure and transportation projects. Regardless, the administration can’t retrieve the approximately 84 percent of clean energy funding that has already been contractually obligated to projects.

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