As the 2024 election looms, the Biden administration is accelerating efforts to distribute billions in clean-energy loans, fearing the program could stall if former President Donald Trump is re-elected, the Wall Street Journal reported.
The Biden administration is racing against time to push billions of dollars in clean-energy loans out the door, concerned that the program may come to a standstill if Trump returns to the White House.
The Department of Energy’s Loan Programs Office (LPO), supercharged by the 2022 Inflation Reduction Act with $400 billion, has been slow to allocate funds but is now making a concerted effort to ramp up lending before the 2024 presidential election.
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