Clean energy funding under the GGRF remains frozen, with projects on hold and questions over federal spending authority unresolved.

---

The $27 billion Greenhouse Gas Reduction Fund has become a focal point of the Trump administration’s efforts to roll back federal clean energy policy. The program was designed to finance clean energy and emissions-reducing projects by channeling public funds through nonprofit financial institutions to attract private investment, including investments that support community resilience.

After taking office in 2025, the administration moved to freeze funding and sought to terminate grant agreements that had already been awarded, citing concerns about oversight, conflicts of interest, and program design. Supporters argue the funds were lawfully appropriated and that the administration is attempting to unwind commitments based on claims that have not been substantiated in court. Roughly $20 billion of that funding now remains in limbo, with projects on hold.

Senator Sheldon Whitehouse of Rhode Island, ranking member of the Senate Environment and Public Works Committee, discusses how the program was designed to work, the administration’s stated rationale for shutting it down, and what the dispute could mean for clean energy investment and congressional authority over federal spending.

Related Content

Breaking the Lock on Urban Climate Finance: A Proposal for a Green Cities Guarantee Fund to Support Climate Resilient Infrastructure in Cities https://kleinmanenergy.upenn.edu/research/publications/breaking-the-lock-on-urban-climate-finance-a-proposal-for-a-green-cities-guarantee-fund-to-support-climate-resilient-infrastructure-in-cities/

Governing the Greenhouse Gas Protocol https://kleinmanenergy.upenn.edu/research/publications/governing-the-greenhouse-gas-protocol/ 

Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

Clean energy funding under the GGRF remains frozen, with projects on hold and questions over federal spending authority unresolved.
---
The $27 billion Greenhouse Gas Reduction Fund has become a focal point of the Trump administration&rsquo;s efforts to roll back federal clean energy policy. The program was designed to finance clean energy and emissions-reducing projects by channeling public funds through nonprofit financial institutions to attract private investment, including investments that support community resilience.
After taking office in 2025, the administration moved to freeze funding and sought to terminate grant agreements that had already been awarded, citing concerns about oversight, conflicts of interest, and program design. Supporters argue the funds were lawfully appropriated and that the administration is attempting to unwind commitments based on claims that have not been substantiated in court. Roughly $20 billion of that funding now remains in limbo, with projects on hold.
Senator Sheldon Whitehouse of Rhode Island, ranking member of the Senate Environment and Public Works Committee, discusses how the program was designed to work, the administration&rsquo;s stated rationale for shutting it down, and what the dispute could mean for clean energy investment and congressional authority over federal spending.
Related Content
Breaking the Lock on Urban Climate Finance: A Proposal for a Green Cities Guarantee Fund to Support Climate Resilient Infrastructure in Cities <a href="https://kleinmanenergy.upenn.edu/research/publications/breaking-the-lock-on-urban-climate-finance-a-proposal-for-a-green-cities-guarantee-fund-to-support-climate-resilient-infrastructure-in-cities/">https://kleinmanenergy.upenn.edu/research/publications/breaking-the-lock-on-urban-climate-finance-a-proposal-for-a-green-cities-guarantee-fund-to-support-climate-resilient-infrastructure-in-cities/</a>
Governing the Greenhouse Gas Protocol <a href="https://kleinmanenergy.upenn.edu/research/publications/governing-the-greenhouse-gas-protocol/">https://kleinmanenergy.upenn.edu/research/publications/governing-the-greenhouse-gas-protocol/</a>&nbsp;
Energy Policy Now is produced by&nbsp;<a href="http://kleinmanenergy.upenn.edu/">The Kleinman Center for Energy Policy</a> at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu/">kleinmanenergy.upenn.edu</a>

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by the Kleinman Center for Energy Policy at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

Energy Policy Now

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by <a href="https://kleinmanenergy.upenn.edu/podcast/">the Kleinman Center for Energy Policy</a> at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

Clean energy funding under the GGRF remains frozen, with projects on hold and questions over federal spending authority unresolved.

The Fight Over the Greenhouse Gas Reduction Fund

The Greenhouse Gas Protocol, the global standard for corporate emissions accounting, is increasingly embedded in policy, drawing new scrutiny of its governance.

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The Greenhouse Gas Protocol is the global standard for how companies measure and report their greenhouse gas emissions. It is used by most large companies worldwide and increasingly underpins climate disclosure requirements in places like the European Union and California.

Originally developed outside of government, the Protocol filled a gap at a time when policymakers had not agreed on how emissions should be measured. But its role has evolved, and what began as a voluntary reporting tool is now becoming embedded in climate policy.

As its influence has grown, so has scrutiny. Questions about how emissions are counted have persisted. More recently, attention has turned to how the Protocol itself is governed, including how decisions are made, who has influence, how scientific input is handled, and how transparent the process is.

Danny Cullenward, senior fellow at the Kleinman Center and a member of the Greenhouse Gas Protocol’s Independent Standards Board, discusses how the Protocol was developed, how its role has evolved, and the challenges it faces as it takes on a more central role in climate policy. He also examines whether recent governance changes go far enough, and what is at stake as the Protocol continues to shape how emissions are measured and reported.

Danny Cullenward is a senior fellow at the Kleinman Center and a member of the Greenhouse Gas Protocol’s Independent Standards Board.

Related Content

Governing the Greenhouse Gas Protocol https://kleinmanenergy.upenn.edu/research/publications/governing-the-greenhouse-gas-protocol/

Policy Design Issues for Border Carbon Adjustments https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/

Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

The Greenhouse Gas Protocol, the global standard for corporate emissions accounting, is increasingly embedded in policy, drawing new scrutiny of its governance.
--- 
The Greenhouse Gas Protocol is the global standard for how companies measure and report their greenhouse gas emissions. It is used by most large companies worldwide and increasingly underpins climate disclosure requirements in places like the European Union and California.
Originally developed outside of government, the Protocol filled a gap at a time when policymakers had not agreed on how emissions should be measured. But its role has evolved, and what began as a voluntary reporting tool is now becoming embedded in climate policy.
As its influence has grown, so has scrutiny. Questions about how emissions are counted have persisted. More recently, attention has turned to how the Protocol itself is governed, including how decisions are made, who has influence, how scientific input is handled, and how transparent the process is.
Danny Cullenward, senior fellow at the Kleinman Center and a member of the Greenhouse Gas Protocol&rsquo;s Independent Standards Board, discusses how the Protocol was developed, how its role has evolved, and the challenges it faces as it takes on a more central role in climate policy. He also examines whether recent governance changes go far enough, and what is at stake as the Protocol continues to shape how emissions are measured and reported.
Danny Cullenward is a senior fellow at the Kleinman Center and a member of the Greenhouse Gas Protocol&rsquo;s Independent Standards Board.
Related Content
Governing the Greenhouse Gas Protocol <a href="https://kleinmanenergy.upenn.edu/research/publications/governing-the-greenhouse-gas-protocol/">https://kleinmanenergy.upenn.edu/research/publications/governing-the-greenhouse-gas-protocol/</a>
Policy Design Issues for Border Carbon Adjustments&nbsp;<a href="https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/">https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/</a>
Energy Policy Now is produced by&nbsp;<a href="http://kleinmanenergy.upenn.edu/">The Kleinman Center for Energy Policy</a> at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu/">kleinmanenergy.upenn.edu</a>

The Greenhouse Gas Protocol, the global standard for corporate emissions accounting, is increasingly embedded in policy, drawing new scrutiny of its governance.

From Corporate Standard to Climate Policy: The Greenhouse Gas Protocol

Helen Thompson, a political economist at Cambridge, examines how geopolitical conflict has shaped global oil and gas markets, with implications for the current Gulf crisis.

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Geopolitical conflict has long shaped the evolution of global energy systems. Over the past 70 years, periods of relative stability in oil and gas markets have repeatedly given way to disruption, from the Suez Crisis to the oil shocks of the 1970s, and more recently to tensions in the Middle East. These episodes have often prompted governments and markets to rethink how energy is produced, sourced, and used, sometimes reducing vulnerability, and at other times creating new risks that only emerge over time.

But these disruptions have not all played out in the same way. Some have triggered significant shifts in how energy systems are organized, while others have had more limited and short-lived effects. In some cases, efforts to manage risk have led to lasting changes. In others, they have introduced new dependencies that only became visible later.

On the podcast, Helen Thompson, professor of political economy at the University of Cambridge, explores how major geopolitical disruptions have reshaped energy systems in the United States and globally, and the policy and market responses that have followed. She also examines the vulnerabilities and pressure points in today’s oil and gas markets, and what recent tensions in the Persian Gulf may reveal about the resilience of the current system.

Helen Thompson is professor of political economy at the University of Cambridge.

Related Content:

Policy Design Issues for Border Carbon Adjustments https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/

Climate Change and Migration in Central America: Evidence from New Environmental Event Data https://kleinmanenergy.upenn.edu/research/publications/climate-change-and-migration-in-central-america-evidence-from-new-environmental-event-data/

Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.

Helen Thompson, a political economist at Cambridge, examines how geopolitical conflict has shaped global oil and gas markets, with implications for the current Gulf crisis.
---
Geopolitical conflict has long shaped the evolution of global energy systems. Over the past 70 years, periods of relative stability in oil and gas markets have repeatedly given way to disruption, from the Suez Crisis to the oil shocks of the 1970s, and more recently to tensions in the Middle East. These episodes have often prompted governments and markets to rethink how energy is produced, sourced, and used, sometimes reducing vulnerability, and at other times creating new risks that only emerge over time.
But these disruptions have not all played out in the same way. Some have triggered significant shifts in how energy systems are organized, while others have had more limited and short-lived effects. In some cases, efforts to manage risk have led to lasting changes. In others, they have introduced new dependencies that only became visible later.
On the podcast, Helen Thompson, professor of political economy at the University of Cambridge, explores how major geopolitical disruptions have reshaped energy systems in the United States and globally, and the policy and market responses that have followed. She also examines the vulnerabilities and pressure points in today&rsquo;s oil and gas markets, and what recent tensions in the Persian Gulf may reveal about the resilience of the current system.
Helen Thompson is professor of political economy at the University of Cambridge.
Related Content:
Policy Design Issues for Border Carbon Adjustments <a href="https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/">https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/</a>
Climate Change and Migration in Central America: Evidence from New Environmental Event Data <a href="https://kleinmanenergy.upenn.edu/research/publications/climate-change-and-migration-in-central-america-evidence-from-new-environmental-event-data/">https://kleinmanenergy.upenn.edu/research/publications/climate-change-and-migration-in-central-america-evidence-from-new-environmental-event-data/</a>
Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.

Helen Thompson, a political economist at Cambridge, examines how geopolitical conflict has shaped global oil and gas markets, with implications for the current Gulf crisis.

When Geopolitics Disrupts Energy Systems

Insurance is on the front lines of climate risk, and may help shape how we respond to it.

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Insurance is one of the quiet pillars of the modern economy. It underpins where we build, how we invest, and whether communities can recover after disaster. In many ways, it defines what risks we’re willing, and able, to live with.

But that foundation is under strain. Across the United States, rising losses from wildfires, floods, and other extreme events are driving up insurance costs and pushing insurers out of some markets. In states like California and Florida, homeowners are finding it harder, and more expensive, to secure coverage. When insurance becomes unavailable, the consequences extend beyond individual households, affecting housing markets, local economies, and community stability.

Carolyn Kousky, founder of Insurance for Good and a senior fellow at the Kleinman Center for Energy Policy, explores how climate change is reshaping insurance markets and what that means for the future of risk, investment, and resilience. She explains how insurance doesn’t just respond to risk, but can also influence it by shaping investment in resilient infrastructure, guiding development decisions, and affecting the flow of capital into cleaner energy systems.

Carolyn Kousky if a senior fellow with the Kleinman Center for Energy Policy and founder of Insurance for Good.

Related Content:

Measuring What Matters: Rethinking Energy Insecurity Metrics https://kleinmanenergy.upenn.edu/research/publications/measuring-what-matters-rethinking-energy-insecurity-metrics/

Policy Design Issues for Border Carbon Adjustments https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/

Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.

Insurance is on the front lines of climate risk, and may help shape how we respond to it.
---
Insurance is one of the quiet pillars of the modern economy. It underpins where we build, how we invest, and whether communities can recover after disaster. In many ways, it defines what risks we&rsquo;re willing, and able, to live with.
But that foundation is under strain. Across the United States, rising losses from wildfires, floods, and other extreme events are driving up insurance costs and pushing insurers out of some markets. In states like California and Florida, homeowners are finding it harder, and more expensive, to secure coverage. When insurance becomes unavailable, the consequences extend beyond individual households, affecting housing markets, local economies, and community stability.
Carolyn Kousky, founder of Insurance for Good and a senior fellow at the Kleinman Center for Energy Policy, explores how climate change is reshaping insurance markets and what that means for the future of risk, investment, and resilience. She explains how insurance doesn&rsquo;t just respond to risk, but can also influence it by shaping investment in resilient infrastructure, guiding development decisions, and affecting the flow of capital into cleaner energy systems.
Carolyn Kousky if a senior fellow with the Kleinman Center for Energy Policy and founder of Insurance for Good.
Related Content:
Measuring What Matters: Rethinking Energy Insecurity Metrics <a href="https://kleinmanenergy.upenn.edu/research/publications/measuring-what-matters-rethinking-energy-insecurity-metrics/">https://kleinmanenergy.upenn.edu/research/publications/measuring-what-matters-rethinking-energy-insecurity-metrics/</a>
Policy Design Issues for Border Carbon Adjustments <a href="https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/">https://kleinmanenergy.upenn.edu/research/publications/policy-design-issues-for-border-carbon-adjustments/</a>
Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.

Insurance is on the front lines of climate risk, and may help shape how we respond to it.

The Fight Over the Greenhouse Gas Reduction Fund

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