Green banks keep financing clean energy despite Trump
The gist
Green banks are still financing US clean energy projects even as the Trump administration claws back Biden-era climate grants.
The lenders are scaling down earlier plans.
How it unfolded
- 2022The Biden administration's $27 billion Greenhouse Gas Reduction Fund was created under the Inflation Reduction Act to finance clean energy projects in low-income communities.
- Oct 9, 2026A federal appeals court ruled that a court-ordered stay does not cover money one grantee moved out before the stay took effect.
- Oct 14, 2026Oil Change International and Friends of the Earth US published an analysis finding public clean energy financing averaged at least $52.7 billion annually in 2023-25, versus $36.3 billion for fossil fuels.