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,

Biden administration officials say new tax credits are available for companies that generate clean electricity and it would be a mistake for President-elect Donald Trump to try to undo them.

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.