205F93002
United States EPA 205-F-93-002
Environmental Protection September 1993
Agency
Administration and Resources Management (3304)
v>EPA Environmental
Finance
Program
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What is Environmental Finance? I
One of the major challenges of the 1990s is obtaining funds for environmental
programs. The costs of environmental protection are growing rapidly. Yet our nation's
ability to meet these rising costs is falling behind - and the financing gap is widening.
Consequently, the nation needs to make the effort to develop long-term funding strategies.
Because we live in times of scarce resources and competing priorities, the Environ-
mental Protection Agency has developed the Environmental Finance Program to assist
communities in their search for creative approaches to funding their environmental projects.
Environmental Finance is the The objectives of EPA'S Environmental
aft Of paying for environmental Finance Program are to promote ways to
facilities and Services. manage the cost of environmental facilities
and services that will:
• Build state and local capacity;
• Increase investment in public and private
environmental infrastructure;
• Build partnerships;
• Encourage environmental justice; and
• Lower costs.
To achieve these objectives, the
Environmental Finance Program uses many
tools and techniques such as:
Environmental
Environmental
Environmental
Environmental
Environmental
Network; and
Environmental Finance Demonstration
Program.
Finance Publications;
Financial Advisory Board;
Finance Centers;
Finance Coordinators;
Financing Information
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How is the
Environmental
Finance Program
Helping
Communities?
Environmental Finance
Publicatii
The Environmental Finance Program
offers the following publications that
state and local governments will find
useful in financing environmental pro-
grams and facilities:
Public-Private Partnerships for
Environmental Facilities: A Self-Help
Guide for Local Governments;
Public-Private Partnerships Case Studies:
Profiles of Success in Providing
Environmental Services;
Financing Models far Environmental
Protection: Helping Communities Meet
Their Environmental Goals;
Alternative Financing Mechanisms
for Environmental Programs;
Solid Waste Contract Negotiation
Handbook; and
Narrowing the Gap: Environmental
Finance for the 1990 's. A Progress Report
of the Environmental Financial Advisory
Board.
Environmental Financial
Advisory Board (EFAB)
The EPA Environmental Finance Program
manages the Environmental Financial
Advisory Board (EFAB).
The Board is comprised of 33 prominent
members of the public and private finance
community. EFAB makes policy and program
recommendations on a wide range of finance
issues to the Administrator of the EPA. Board
members meet semi-annually, and meetings
are open to the public. Meetings are
announced in the Federal Register.
The EFAB has developed advisories on the
following important issues:
• Incentives for Environmental Investment:
Changing Behavior and Building Capital;
• Small Community Financing Strategies for
Environmental Facilities;
• Private Sector Participation in the Provision
of Environmental Services: Barriers and
Incentives;
• Public Sector Options to Finance
Environmental Facilities;
• A Guide to Public Financing Options for
the Clean Air Act of 1990;
• Urban Environmental Policy: Steps Toward
Environmental Equity, Reduced
Environmental and Health Risks, and
Urban Revitalization; and
• Financing Environmental Infrastructure
along the United States-Mexican Border
and in Eastern Europe and the Former
Soviet Republics.
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Building State and
Local Capacity
The Environmental Finance Program assists
in building state and local capacity for
carrying out environmental mandates by:
• Supporting a network of Environmental
Finance Coordinators at EPA headquarters
and regional offices (see back panel). The
coordinators manage environmental
finance demonstration projects (see next
panel) and work with headquarters staff on
monitoring finance trends and
developments;
• Managing the EPA Environmental
Financing Information Network (EFIN),
an on-line environmental finance database.
EFIN provides information on financing
alternatives for state and local
environmental programs and projects
primarily in the form of abstracts of
publications, case studies, and contacts.
EFIN services include an online database,
hotline (202/260-0420), and distribution of
EPA publications pertaining to financing;
• Establishing Environmental Finance
Centers (EFCs) at universities throughout
the country, ideally with at least one in
every Region. Currently, the EFC network
includes the Universities of New Mexico
(505/272-7357) and Maryland
(301/405-6376), and Syracuse University
(315/443-3759). The Centers focus on
educating state and local officials on ways to
lower costs and increase investments in
environmental services and facilities.
Maintaining an inventory of alternative
financing mechanisms, lessons learned from
field experience, and new financing
approaches for use by state and local
governments.
, Environmental Finance
Demonstration Program
EPA creates efficient real-world finance
models through the Environmental Finance
Demonstration Program. The goals of the
Demonstration Program are:
• To provide communities with tangible
examples for financing environmental
projects;
• To increase awareness and acceptance
of public-private partnerships and other
innovative financing arrangements;
• To compare different financial
arrangements and obtain information on
how to overcome barriers and build
incentives for forming public-private
partnerships; and
• To identify new financing mechanisms
that lower costs.
The demonstration projects emphasize
partnerships that build state and local
capability to administer environmental
programs. These projects provide valuable
lessons learned in order to replicate successes
in other communities.
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If you would like further information about the |
Environmental Finance Program, please call 202/260- f
1020 or write to the Environmental Finance Program j
(Mail Code 3304), United States Environmental
Protection Agency, 401 M Street, SW, Washington,
DC 20460
Publication Order Form
If you would like any of the following free
publications, simply indicate those you would like to
receive, fill out your name and address and mail this |
self-addressed post card.
Advisories:
( ) Private Sector Participation in the Provision of
Environmental Services: Barriers and Incentives
( ) Financing Environmental Infrastructure along the
United States-Mexican Border and in Eastern Europe
and the Former Soviet Republics '• j
( ) Vrban Environmental Policy: Steps Toward \
Environmental Equity, Reduced Environmental and ' |
Health Risks, and Urban Revitalization >
i ^
() Small Community Financing Strategies for j
Environmental Facilities j
( ) Public Sector Options to Finance Environmental ' \
Facilities \ \
( ) Incentives for Environmental Investment: Changing I
Behavior and Building Capital \ I
C ) A Guide to Public Financing Options for the Clean Air [
Act of1990. \
Publications:
( ) Public-Private Partnerships for Environmental Facilities:^',
A Self-Help Guide for Local Governments
( ) Public-Private Partnerships Case Studies: Profiles of
Success in Providing Environmental Services
( ) Financing Models for Environmental Protection:
Helping Communities Meet Their Environmental Goals I '
( ) Alternative Financing Mechanisms for Environmental
Programs
( ) Solid Waste Contract Negotiation Handbook
( ) Narrowing the Gap: Environmental Finance for the
1990's. A Progress Report of the Environmental
Financial Advisory Board
Name ;
Address _ ___
City, State, Zip
Telephone Number ( )
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EPA Regional Coordinators
f
^ 2
George Mottineaux
EPA Region 1
John F. Kennedy Federal Building
Boston, MA 02203
(617) 565-9442
Janet Sapadin
EPA Region 2
26 Federal Plaza.
New York, NY 10278
(212)264-1925
Cathy Mastropieri
EPA Region 3
841 Chestnut Street
Philadelphia, PA 19107
(215)597-4149
Tom Nessmith
EPA Region 4
345 Courtland Street, NE
Atlanta, GA 30365
(404)347-7109
(404) 347-1043
Dan Werbie
EPA Region 5
77 West Jackson Boulevard
Chicago, IL 60604-3507
(312) 886-1305
Bob Carson
EPA Region 6
1445 Ross Avenue
Dallas, TX 75202-2733
(214) 655-7403
Ray Hurley
EPA Region 7
726Minnesota Avenue
Kansas City, KS 66101
(913)551-7365
Sharon Riegel (8PM-SIPOj
EPA Region 8
Suite 500
999 18th Street
Denver, CO 80202-2405
(303)293-1471
Marsha Harris
EPA Region 9
75 Hawthorne Street
San Francisco, CA 94103
(415) 744-1635
Susan Morales (MD-142)
EPA Region 10
1200 Sixth Avenue
Seattle, WA 98101
(206)553-0705
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