The mystery number that’s key to whether Biden’s spending survives
PoliticoThe Environmental Protection Agency previously told POLITICO’s E&E News that it has obligated $33.5 billion, or 80 percent of its $42.1 billion in IRA appropriations, as of Oct. 22. Funding experts previously told POLITICO that obligated money — dollars that agencies have legally committed to paying out — is probably more secure from interference should Trump’s appointees try to halt the cash flow. Some of the money has a limited shelf life even without Trump’s intervention: At least $51.5 billion, or over one-third of IRA appropriations, will expire under the next administration, according to a POLITICO analysis of the White House’s guidebook for the law. In addition to the climate law’s funding for grants and loans, the IRA also offers an estimated $527 billion in tax incentives largely aimed at advancing clean energy technologies, according to a 2023 analysis by the Committee for a Responsible Federal Budget.
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