A
News from the
Center for Environmental Finance
Advancing Sustainable Finance and Technology Solutions
EPA
Office of the Chief
Financial Officer
October 2011
Volume 2, Issue 3
Deputy Administrator Appoints Nine New Members to Assist with EFAB's Projects
The Environmental Financial Advisory Board (EFAB) is pleased to welcome nine new members, effective
July 2011. These members were carefully selected after a thorough outreach and recruitment process for
qualified candidates. Their knowledge and experience will help advance the Board's current work. EFAB is
currently examining three financing projects on behalf of the Agency: Clean Air Technology, Tribal
Environmental Programs and Transit-Oriented Development.
New EFAB Members
• Helen Akparanta, Maryland Department of the Environment
• Gavin Clarkson, Choctaw Nation of Oklahoma
• Frances Dubrowski, University of Maryland
• Donna Ducharme, Delta Institute
• Rick Giardina, Malcolm Pirnie
• Tobias Rittner, Council of Development Finance Agencies
• Wayne Seaton, Wells Fargo Securities
• Blanca Surgeon, Rural Community Assistance
The Clean Air Technology project focuses on examining
incentives and financing options that might encourage the
owners of industrial boilers to consider replacing them with
newer, cleaner technology that not only meets the
emissions requirements of the EPA's new Maximum
Achievable Control Technology (MACT) regulation, but
also lowers green house gas emissions. Approaches being
considered include government bonds, federal subsidies,
aggregated loans, green funds, revolving funds and tax
incentives.
A main focus of the Tribal project is to identify and evaluate approaches that tribes can use to finance their
environmental programs on an on-going basis. This project is designed to help tribal governments improve
their overall financial capabilities and achieve a greater degree of independence and self-reliance.
Through the Transit-Oriented Development project, EFAB is exploring a range of public and private financing
strategies and models that could be used for a variety of transit-oriented development scenarios. The
development scenarios to be considered will vary from a single transit station to multiple-station transit lines.
The Board plans to describe what entities (public, private, and/or public-private) and what financing
approaches would be best suited for each of the scenarios.
For more information on the Board's work, please visit our website at http://www.epa.gov/eflnpage/efab.
Upcoming Events
Council of Infrastructure Financing Authorities State Revolving Fund (SRF) Workshop
November 13-15, 2011, Baltimore, Maryland, http://www.cifa.net
Growing Green Infrastructure in New York
November 17, Syracuse, New York, http://efc.syracusecoe.org/efc/
Newsletter Staff
Susan Emerson
Vanessa Bowie
Contributors:
Brooke Hanson
Joanne Throwe
Center for Environmental Finance Newsletter • October 2011 • EPA 190-N-11 -003
-------
Page 2
EPA Joins the Economic Development Administration to Promote Clean Energy Innovation and
Economic Growth
In March, the U.S. Commerce Department's Economic Development Administration (EDA) announced the i6
Green Challenge competition. Along with EPA, the U.S. Departments of Energy and Agriculture, the
National Science Foundation, and Commerce's National Institute of Standards and Technology and U.S.
Patent and Trademark Office, EDA's i6 Green Challenge competition awards up to $1 million to each of six
teams with additional funding up to $6 million from the partnering agencies. The goal of the program is to
promote the relationship between economic growth and environmental quality, specifically through
technology commercialization, new venture formation, and job creation. More than 60 teams around the
country submitted applications for the i6 Green Challenge, and the winners were announced on September 29,
2011.
EPA joined the i6 Green Challenge this year, in the program's second year, to support the development of
environmental technology innovation as key to furthering the mission to protect human health and the
environment. EPA funding will be targeted to technologies such as those that improve energy efficiency in
water treatment, provide renewable energy from wastewater sludge and animal waste, and recycle e-waste.
Funding will also broadly support actions to commercialize environmental technologies.
For more information on the 16 Green Challenge, please visit http://www. eda.gov/i6.
The Mid-Atlantic Dray Truck Replacement Program Helps States Meet Clean Air Act Requirement
The University of Maryland Environmental Finance Center (EFC) is working with the Mid-Atlantic Regional
Air Management Association to build a Dray Truck Replacement Program. Initiated in 2009, the purpose of
the program is to improve air quality by replacing older trucks serving Mid-Atlantic ports.
Through this program, grants and loans are awarded to dray truckers who
own their trucks and serve the ports of Virginia, Baltimore, Wilmington, and
Philadelphia. The EFC has established a relationship with a number of
lending institutions who offer competitive rates to the applicants who meet
eligibility criteria to participate in this program. Preference is given to pre-
1997 trucks. The program provides up to $20,000 towards a newer truck.
Participants use their financial awards to replace model year 2003 and older
engines with those that are 2007 EPA certified or newer. Each participating
owner-operator must commit to using their truck to serve a participating port
for three years with a minimum of 250 visits per year, thus reducing air Virginia Applicant wiiimm Brown with MS new
pollution and greenhouse gases associated with the transport of goods to and ^^fSS^8peak* ™
from the participating ports. This helps the states where the ports are located
to meet Clean Air Act requirements.
In a previous version of this program that focused specifically on the Port of Baltimore, a $396,693 investment
in dray truck replacements, retrofits, and repowers was estimated to result in a reduction of 142 tons of NOx
and four tons of PM emissions over the lifetime of the trucks.
For additional information on the Mid-Atlantic Dray Truck Replacement Program visit
http://www. efc. umd. edu/cleandiesel. html.
Center for Environmental Finance Newsletter • October 2011 • EPA 190-N-11 -003
------- |