US Edition
Trump directs Treasury to limit wind and solar tax credits
UNITED STATES, JUL 08 – The executive order aims to phase out wind and solar tax credits rapidly, citing national security risks and potential grid reliability issues, with enforcement required within 45 days.
- On July 7, 2025, President Donald Trump signed a directive instructing the Treasury Department to terminate federal subsidies for wind and solar energy projects in the United States.
- This order follows the 2022 Inflation Reduction Act's establishment of green energy subsidies and aims to strictly enforce their phase-out to address national security and grid reliability concerns.
- The Department of Energy reported on July 8, 2025, that shuttering reliable power plants without sufficient replacement risks increasing blackouts by 100 times by 2030, highlighting a shortfall in firm baseload capacity.
- Trump criticized the federal government for making Americans bear the financial burden of supporting costly and intermittent energy sources, which has led to reliance on foreign-controlled supply chains and unfairly impacted the public.
- The executive order signals a shift to energy addition supporting affordable, reliable sources, while clean energy advocates warn it may hinder emission reduction efforts and global competitiveness.
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64 Articles
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Trump’s crackdown on renewable energy has just begun - The Washington Post
Trump’s crackdown on renewable energy has just begun The Washington Post Article Attribution | Read More at Article Source The post Trump’s crackdown on renewable energy has just begun – The Washington Post appeared first on RocketNews.
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