Why the clock is ticking for one of Biden’s signature climate initiatives

The Biden administration is racing to finalize $25 billion in pending loans to businesses that have vowed to build major clean energy projects across the country. It’s an effort that could cement President Joe Biden’s climate legacy months before President-elect Donald Trump takes office. POLITICO’s Kelsey Tamborrino and Jessie Blaeser break down why a key part of Biden’s climate agenda is on the clock. Plus, Trump is looking to revive the Keystone XL oil pipeline on his first day back in the White House, and U.S. diplomats face a tricky dilemma at the UN climate conference. Kelsey Tamborrino is a reporter covering clean energy for POLITICO. Jessie Blaeser is a digital journalist at POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is the managing producer for audio at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy