Among the many spending cuts embedded within Trump's "big beautiful bill" signed into law last week are rollbacks of the tax credits for renewable energy, electric vehicles and clean manufacturing at the core of Biden’s Inflation Reduction Act (IRA). Indeed, according to a Carbon Brief analysis of models created by Princeton University's REPEAT Project, the bill will effectively flatline U.S. emissions at current levels, rather than achieving the 40% reduction by 2030 agreed to in the Paris treaty. Here's hoping technical innovations and sustainably minded consumers and industrial organizations can make a dent that exceeds expectations. 

— Keith Larson, Market Leader