{"id":89489,"date":"2025-03-21T00:00:00","date_gmt":"2025-03-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/03\/21\/us-judge-pauses-trumps-pulling-of-usd-14-bn-in-climate-grants\/"},"modified":"2025-03-21T00:00:00","modified_gmt":"2025-03-21T00:00:00","slug":"us-judge-pauses-trumps-pulling-of-usd-14-bn-in-climate-grants","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/03\/21\/us-judge-pauses-trumps-pulling-of-usd-14-bn-in-climate-grants\/","title":{"rendered":"US judge pauses Trump\u2019s pulling of USD 14 bn in climate grants"},"content":{"rendered":"

Trump <\/strong>climate grant upheaval temporarily blocked: <\/strong>US District Judge Tanya S. Chutkan has issued a temporary restraining order blocking the US Environmental Protection Agency (EPA) move to suspend USD 14 bn worth of grants awarded to three climate groups by the Biden administration, AP<\/a> reported on Wednesday. Citibank \u2014 which holds the EPA\u2019s money \u2014 was also blocked from transferring the funds to the federal government or any other party. The move comes after the Trump administration moved to cancel USD 20 bn grants \u2014 earmarked under the Inflation Reduction Act\u2019s Greenhouse Gas Reduction Fund \u2014 that were awarded to eight non-profits and have been frozen since last month. <\/p>\n

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S&P <\/strong>Green <\/strong>energy<\/strong> stocks on a downturn: <\/strong>Stocks of green companies have slumped to a five-year low thanks to dwindling enthusiasm for climate efforts, Financial Times<\/a> reported on Sunday. The sector\u2019s S&P Global Clean Energy Transition Index slipped 16% over the past year and recorded a loss in a reversal of fortunes compared to the 2021 ESG boom.<\/p>\n

Is c<\/strong>hange on the horizon?<\/strong> Clean energy investments, particularly solar and battery storage, are projected to surpass upstream oil and gas investments for the first time in 2025, according to S&P Global Commodity Insights. Hydrogen companies operating outside the EU and the US, like those in the Middle East, hold a competitive advantage due to a significantly different funding environment and greater financial resources available, RBC Capital Markets analyst Erwan Kerouredan said.<\/p>\n

German <\/strong>clean<\/strong> energy stocks, meanwhile, surged following the approval of a EUR 100 b<\/strong>n <\/strong>package for green projects<\/strong>, with stocks of wind turbine manufacturers Nordex and Vestas and the renewables player Siemens seeing robust gains, Bloomberg<\/a> reported last week. The debt-financed package \u2014 still pending approval by parliament \u2014 would contribute to eco-friendly ventures and help Germany achieve its 2045 climate neutrality targets. The country's climate target will also be included in the constitution as part of the agreement, making it difficult to repeal in the future.<\/p>\n

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