Full Title: How the US Clean Energy Industry can Navigate the Policy Void
Author(s): Coco Zhang
Publisher(s): ING
Publication Date: July 3, 2025
Full Text: Download Resource
Description (excerpt):
Now approved by Congress, the ‘One Big, Beautiful Bill’ is set to significantly reduce the length, value, and scope of eligibility for many clean energy tax credits under the Inflation Reduction Act (IRA), despite avoiding some of the strictest rule proposals. This effort is part of Congress’s broader initiative to cut any squeezable spending to fund the Trump administration’s signature policies, such as tax cuts, and align with the administration’s strategy to promote the US’s (largely) fossil fuel-based energy dominance. According to the University of Pennsylvania’s Wharton School, the energy and climate provisions of the IRA can cost around $1tr over a 10-year period.