BlueGreen Alliance Releases New User Guide on Trump Administration Changes to Climate, Energy Programs
The BlueGreen Alliance today released a new user guide detailing how the passage of the so-called One Big Beautiful Bill Act (OBBBA) impacts certain climate and clean energy investments and initiatives.
At the heart of the GOP legislation is an aggressive rollback of clean energy tax credits and investments, which to date have already sparked billions in private investment, spurred the construction of new manufacturing facilities, and created hundreds of thousands of jobs across the country.
“Trump’s strange vendetta against clean energy is harming Americans nationwide,” said BlueGreen Alliance Vice President of Federal Affairs Katie Harris. “The tax credits and grants from the Inflation Reduction Act were already bringing investment to communities impacted by deindustrialization, pollution, and economic downturn. The policies in the GOP bill have thrown the energy industry and supply chain into chaos. We hope this guide helps stakeholders navigate these changes.”
The user guide, What Survived? An Update on Inflation Reduction Act Programs, lists federal investments and incentives created or expanded by the Inflation Reduction Act and explains how the OBBBA reshaped, cut short, tightened, or completely phased out certain provisions. The guide also explores how other actions by the Trump administration may impact these programs.
According to Energy Innovation, wholesale power prices will skyrocket under the OBBBA, increasing roughly 74% by 2035 as the buildout of new renewable energy slows. By the same study, U.S. household energy costs will increase by $130 annually by 2030, and $170 annually by 2035.