In our first issue of the week we talk about a move that could redefine the trajectory of U.S. climate finance, EPA Administrator Lee Zeldin has announced his intention to revoke $20 billion in clean-energy grants awarded under the Greenhouse Gas Reduction Fund.

The decision, driven by concerns over political bias and fiscal mismanagement, raises questions about the future of public climate finance, private sector involvement, and the broader ESG investment landscape.

Could this mark the beginning of a retrenchment in U.S. government-backed green investment? And if so, what alternatives exist for those betting on the energy transition?