In brief
The U.S. has seen a remarkable increase in clean energy manufacturing over the last two years, propelled by the 2022 Inflation Reduction Act, which has resulted in a record level of factory construction. With solar power installations and electric vehicle sales reaching new heights, even some traditionally Republican states, such as Montana and Utah, are adopting climate plans to secure federal funding. However, as the election approaches, the future of this transformative legislation hangs in the balance, especially in light of former President Donald Trump's comments indicating intentions to dismantle the law should he regain the presidency. Trump referred to the Green New Deal as a "scam" and signaled plans to rescind unspent funds from the Inflation Reduction Act, which is projected to allocate roughly $1.2 trillion over the next decade toward climate change technologies.
