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The true story behind the ‘gold bars’ at the heart of Trump’s biggest climate fight

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By illuminem briefings

· 3 min read


illuminem summarises for you the essential news of the day. Read the full piece on The Washington Post or enjoy below:

🗞️ Driving the news: The Trump administration has launched a criminal investigation into the Biden-era EPA’s $20 billion climate grant programme, alleging mismanagement and lack of oversight
At the centre of the dispute is the Greenhouse Gas Reduction Fund, part of a $27 billion initiative to expand clean energy access
Despite these claims, no evidence of fraud has emerged, and a federal judge recently blocked efforts to reclaim the funds

🔭 The context: The fund was created under the 2022 Inflation Reduction Act and aimed to rapidly deploy clean energy via three key programmes
The EPA awarded the $20 billion to eight recipients before the 2024 election deadline
Critics argue that the compressed timeline and large grants to few organisations elevated the risk of errors, while proponents say urgency was essential given climate goals

🌍 Why it matters for the planet: The programme sought to accelerate decarbonisation through investments in EVs, solar, and building electrification, especially in low-income communities
Delays and legal uncertainty now threaten clean energy rollouts, including EV chargers and school upgrades
The outcome will significantly impact Biden’s climate legacy and progress on U.S. emissions reduction targets

⏭️ What's next: Court rulings will determine if grantees can access frozen funds and whether contracts will be cancelled
Ongoing lawsuits from grant recipients may shape the future of large-scale climate funding programmes
Congressional and public scrutiny could also alter the structure of federal climate finance going forward

💬 One quote: “It truly feels like we’re on the Titanic and we’re throwing, like, gold bars off the edge,” – Brent Efron, former EPA adviser (via covert video released by Project Veritas)

📈 One stat: The Greenhouse Gas Reduction Fund allocated $27 billion, with $20 billion currently under dispute and frozen

Click for more news covering the latest on sustainable finance and public governance 

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