Biden’s Race Against Time: The Battle Over Climate Funds Pre-Election

President Joe Biden's administration is hurrying to distribute tens of billions of dollars earmarked for climate action, fearing potential repeal by Donald Trump if he wins the U.S. election. The distribution of these funds, stemming from the Inflation Reduction Act, could significantly impact clean energy investments and job creation.

The Biden administration is urgently working to allocate tens of billions of dollars in climate funds before the upcoming U.S. election, amid fears that a potential Trump victory could dismantle these efforts. The funds are part of the Inflation Reduction Act, a key element of Biden's clean energy agenda.

Donald Trump, campaigning against Vice President Kamala Harris, has vowed to rescind unspent funding, branding the act a 'Green New Scam.' The race to distribute these funds involves significant financial stakes, with the Department of Energy reporting substantial job growth in the clean energy sector.

With federal agencies accelerating over 350 actions to implement the Act, experts suggest it will be challenging to allocate all the funds before the administration's term ends. Stakeholders urge prayer for agency staff facing a formidable workload to ensure the rapid deployment of these vital resources.

(With inputs from agencies.)