Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Climate

The IRA Lives On in Obligated Spending

On IRA funds, rescissions, and EV battery technology

The IRA Lives On in Obligated Spending
Heatmap Illustration/Getty Images

Current conditions: The National Weather Service is advising Americans in 11 states affected by heat waves to avoid coffee and alcohol due to dehydration riskThere have been more wildfires in London this summer than in all of 2024We’re at the halfway point in climatological summer and the United States’ hottest day of the year — 124 degrees Fahrenheit in Death Valley, California, on Monday — may now be behind us.

THE TOP FIVE

1. Here’s how much money the IRA actually spent

It has long been a “big mystery” how much grant funding from the Inflation Reduction Act the Biden administration ultimately got out the door before leaving the White House. Previously, the administration had announced awards for about 67% of the $145.4 billion in grants. Still, it wasn’t until Republicans in Congress began their rescissions of the bill’s unobligated funds that a fuller picture began to emerge.

According to reporting by my colleague Emily Pontecorvo, the Biden administration spent or otherwise obligated about $61.7 billion before leaving office, with President Trump’s One Big Beautiful Bill clawing back $31.7 billion from 47 IRA programs. Programs that had the greatest proportion of their funding obligated include:

  • The Environmental Protection Agency’s Greenhouse Gas Reduction Fund (99.9%)
  • EPA’s Climate Pollution Reduction Grants (98.2%)
  • Interior’s National Parks and Public Lands Conservation and Ecosystem Restoration (98%)
  • Interior’s National Parks and Public Lands Conservation and Resilience (97.2%)
  • Interior’s Endangered Species Act Recovery Plans (93.6%)

There’s a lot more in the data to dig through, too, which Emily does here.

2. Vote-a-rama on rescissions package expected to begin this afternoon

Senate Republicans voted narrowly Tuesday evening to advance President Trump’s $9.4 billion rescissions package, with Vice President JD Vance casting the tie-breaking vote. Three Republican senators — Mitch McConnell of Kentucky, Susan Collins of Maine, and Lisa Murkowski of Alaska — joined Democrats in opposing the package. Congress must vote to approve the rescissions by Friday to meet a statutory 45-day deadline that began when President Trump sent his proposal on June 3. The vote-a-rama is set to begin Thursday afternoon.

The proposed package would eliminate $1.1 billion from the Corporation for Public Broadcasting, which funds PBS and NPR, as well as large portions of foreign assistance programs. (A controversial plan to cut $400 million from the country’s AIDS relief program, known as PEPFAR, was ultimately removed to convince Republican holdouts.) But as I’ve written before, the package also takes aim at $1.7 billion of the $3.6 billion appropriated for the Economic Support Fund, which has historically been used to work with international partners to mitigate the impacts of climate change, as well as $125 million from the Clean Technology Fund, which provides financial resources for developing countries to invest in clean energy projects. The White House has said the programs do not “reflect America’s values or put the American people first.”

Get Heatmap AM directly in your inbox every morning:

* indicates required
  • 3. China moves to protect its inexpensive EV technology from being transferred beyond its borders

    China announced Tuesday that to protect the valuable breakthroughs that have allowed it to produce inexpensive electric vehicles, it will begin to restrict “eight key technologies for manufacturing [EV] batteries,” The New York Times reports. The move, which is effective immediately, will require a license from the Chinese government before any technologies can be transferred overseas “through trade, investment or technological cooperation.”

    The move follows pressure by the European Union on Chinese EV and battery manufacturers to build factories within the bloc. As I covered in Heatmap AM yesterday, electric vehicle sales are booming in China in large part due to their affordability, with the nation being the “only large market where EVs are on average cheaper to buy than comparable combustion cars,” BloombergNEF has found. Though lithium-ion phosphate battery technology originated in the United States more than three decades ago, Chinese companies BYD and CATL have “figured out a way to further increase the number of recharges, making it comparable to more traditional battery chemistries,” in addition to advances in mass-production and capacity, the Times adds.

    4. Q3 expected to have record EV sales as buyers rush to beat tax credit expiration

    The third quarter of 2025 will “likely” see record sales of electric vehicles in the United States as would-be buyers rush to use the $7,500 tax credit before it expires on September 30, Cox Automotive’s Kelley Blue Book reported this week. Electric vehicle sales were lower in Q2 of 2025 than in 2024 by 6.3%, with 310,839 new EVs sold, marking “only the third decline on record, and a sign of a more mature market,” Stephanie Valdez Streaty, senior analyst at Cox Automotive, said in a statement. Additionally, sales of used EVs — only a third of which had qualified for government incentives anyway before those were eliminated — are up, with 100,000 units sold in Q2. But the real story will be what happens in Q3, where there’s “about to be a fire sale” as consumers race against the clock, Andrew Moseman writes for Heatmap. If you’re among the shoppers, he’s got the scoop on EV deals here.

    5. Wright: U.S. could ‘withdraw’ from IEA over perceived renewable energy bias

    The United States will either “reform” the International Energy Agency or “withdraw,” Energy Secretary Chris Wright told Bloomberg Tuesday during the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. The IEA, which was originally established to focus on oil security during the 1970s, has been characterized by Republicans as becoming a “cheerleader” for the renewable energy transition, in the recent words of Senator John Barrasso of Wyoming. Wright echoed those concerns in his conversation with Bloomberg, telling the publication that the IEA’s projections that oil demand will plateau this decade are “total nonsense.” Despite the threats, Wright stressed that his “strong preference” for handling the IEA is “to reform it.”

    THE KICKER

    Several major beauty brands, including L’Oréal Paris and Neutrogena, are set to include environmental impact ratings on their packaging. “The EcoBeautyScore” — which runs from A to E — “indicates the environmental footprint of beauty products based on its entire lifecycle, from ingredients to packaging and how it is disposed of,” Cosmetics Business reports.

    Yellow

    You’re out of free articles.

    Subscribe today to experience Heatmap’s expert analysis 
of climate change, clean energy, and sustainability.
    To continue reading
    Create a free account or sign in to unlock more free articles.
    or
    Please enter an email address
    By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
    Adaptation

    The Only City in America Hoping for a Hurricane

    Corpus Christi is on the verge of running out of water. Stopping it would take a disaster.

    Corpus Christi.
    Heatmap Illustration/Getty Images

    Even in its frontier days, when it was a camp for General Zachary Taylor’s forces defending the border of newly annexed Texas, there was barely enough water in Corpus Christi to go around. The Tejanos, Americanos, and old Spanish ranchers crazy (or unlucky) enough to settle on the edge of this growing empire survived by drinking from arroyos, cisterns, and foul, sulphuric wells. The native Karankawa people lived nomadically to avoid straining the region’s streams, springs, and shallow groundwater resources.

    You can follow Corpus’ subsequent history through the twists and turns of what historian Alan Lessoff calls the “endless search for a larger and more adequate water supply” in his book Where Texas Meets the Sea: Corpus Christi and Its History — the damming of local rivers, the failure of those dams, massive Depression-era reservoir projects, groundwater running dry, the consolidation of regional water districts, an expensive project to pipe in fresh water from 100 miles away, an even more expensive project to produce it on the spot. Take your pick of cities west of the 98th meridian: Phoenix, Las Vegas, Los Angeles. They’ve all followed similar beats.

    Keep reading...Show less
    Energy

    Fervo’s Hot Rocks Are Now a Hot Stock

    Talking with SVP of strategy Sarah Jewett about the competition, expansion plans, and how to get more Americans informed and onboard.

    Fervo's IPO.
    Heatmap Illustration/Fervo, Getty Images

    Just three years ago, enthusiasm for geothermal energy was lukewarm at best. In a sign of just how marginal it seemed, the firehose of federal money directed at clean energy investments under the Biden administration contained just $84 million for geothermal, specifically for next-generation technologies. By contrast, the next-generation nuclear industry received roughly 40 times more.

    Geothermal electricity generation uses heat from the Earth’s molten core to spin turbines that generate carbon-free, 24/7, renewable energy — a pretty attractive offer in today’s age of rampant climate change and soaring demand. Though the technology has been in use since 1913, it’s been stymied since then by the industry’s dependence on finding rare and unique underground reservoirs of hot water.

    Keep reading...Show less
    Blue
    Sparks

    Burgum Doubles Down on Renewables Permitting Freeze

    The Secretary of the Interior said he “absolutely” planned to appeal a ruling that lifted blocks on wind and solar approvals.

    Doug Burgum.
    Heatmap Illustration/Getty Images

    The Trump administration is not backing down from its discriminatory policies for approving wind and solar projects. Interior Secretary Doug Burgum testified to Congress on Wednesday that his agency would appeal a recent district court ruling blocking it from enforcing these policies.

    “We reject the whole premise,” Burgum said during a House Natural Resources Committee hearing.

    Keep reading...Show less
    Blue