President Joe Biden's administration expects to release short-term guidance on clean fuel tax credits on Friday and leave final decisions to President-elect Donald Trump's incoming administration, according to two sources familiar with the plan.

President Joe Biden’s administration is set to announce short-term guidance on clean fuel tax credits on Friday, according to a Reuters report. The Biden administration is likely to leave final decisions on clean fuel tax credits to President-elect Donald Trump when he takes office at White House on January 20,

WASHINGTON (Reuters) - The Biden administration on Tuesday released guidance to help companies secure clean energy tax credits under the 2022 Inflation Reduction Act, finalizing a program to extend subsidies long available for wind and solar to other low carbon sources.

The Treasury Department and the Internal Revenue Service released final rules for the clean electricity investment and production tax credits, less than two weeks before Trump is inaugurated.