President Joe Biden in 2022 signed into law the Inflation Reduction Act guaranteeing billions of dollars of solar and wind subsidies for another decade as part of his broader effort to decarbonize the power sector by 2035 to fight climate change.
Before the election, Trump slammed the IRA as being too expensive and promised to rescind all unspent funds allocated by the law – a threat that, if accomplished, could pour cold water over the US clean energy boom.