July 23, 2024

Trump’s potential IRA repeal threatens sustainable industry

Tax breaks provided under the IRA are more targeted than those introduced by Donald Trump’s administration and include credits for clean vehicles, home energy, solar and wind facilities and sustainable aviation fuel © Allison Dinner/EPA-EFE/Shutterstock

Plans that include repealing the Inflation Reduction Act and abolishing carbon reduction goals are antithetical to Donald Trump’s supposed unwavering support for US industry, say sources

A 922-page blueprint from rightwing think-tank the Heritage Foundation, which sets out plans to dismantle the Biden administration’s climate policies, has struck fear into the heart of environmental campaigners, renewable energy companies and progressive business groups.

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