The White House says it ‘expects more’ on climate funding before President Biden leaves office

The Biden administration wants to quickly dismantle climate finance to bolster the president’s green energy agenda before President-elect Donald Trump takes the Oval Office in January.

In a memo released by the White House, Jeff Zients, White House Chief of Staff, said the administration will “reach the finish line and do as much as possible for the American people” in President Joe’s remaining weeks. Biden’s name.

A senior Biden official said they plan to “commit as much money as possible before the end of the term,” including releasing unused funds from the Inflation Reduction Act (IRA) to fund climate-related projects.

The White House also said Americans can “expect more action” on IRA funding – the Democrats’ climate bill.

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Trump has suggested he would “repeal” the IRA if he becomes president, a law he described as “the biggest fraud in history.”

Although some House Republicans, who have a majority in the chamber in the next Congress, have also expressed support for re-authorizing the climate bill, House Speaker Mike Johnson, R-La., told CNBC that “you have to use a scalpel and not a sledgehammer” on legislation. .

However, it is unlikely that the IRA will be completely liquidated, since almost all funds have been withdrawn.

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White House spokesman Andrew Bates warned against Republicans and incoming administrations trying to reverse Biden’s agenda.

President-elect Donald Trump will take office on Jan. 20, 2025. (Peter Kramer/NBC)

“The repeal of the laws signed by President Biden will be a historic redistribution of wealth from working Americans to Big Pharma and China,” Bates said in the first memo obtained by NBC News, adding that despite the possible reversal, the projects under the IRA “are closed. .”

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Bates also suggested that Republican states benefit from the IRA.

“That includes the creation of more than 330,000 clean energy jobs — unlike in House districts represented by Republicans,” Bates wrote. “Thanks to the Inflation Reduction Act, we have already saved more than 3.4 million Americans $8.4 million in clean energy improvements to their homes, and more than 300,000 Americans have saved more than $2 billion. [electric vehicle] shopping.”