Trump’s order puts a freeze on unspent funding from the Inflation Reduction Act and the Infrastructure Investment and Jobs Act.
In an executive order issued Monday, President Trump suspended the disbursement of Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) funding, reports Kate Magill in Smart Cities Dive.
According to the administration, the pause is intended to end the “Green New Deal” and reevaluate spending priorities. “While it is not uncommon for new presidential administrations to pause funding disbursements for review, the move underscores Trump’s commitment to roll back the Biden administration’s climate policies,” Magill notes.
While Trump has taken specific aim at electric vehicle incentives and renewable energy, the move will also pause funding for infrastructure and transportation projects. However, the administration can’t claw back the roughly 84 percent of clean energy funding that was already ‘obligated,’ or contractually committed to projects.
FULL STORY: Trump freezes IRA funding
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