News from the
Center for Environmental  Finance
          Advancing sustainable finance and technology solutions
                            Office of the Chief
                             Financial Officer
                               June 2012
                            Volume 3, Issue 2
 Listening  Sessions on Sustainability
                In response to a request from EPA's
                Administrator   Lisa  Jackson,  the
                National Academy of Sciences (NAS),
                in  August,  2011,  presented  EPA
                with a framework  for incorporating
                Sustainability   into   its   principles
                and  decision  making. The  report,
                Sustainability  and  the   US  EPA
                (internally  within EPA, the report is
 known as the Green Book), concludes that the Agency's
 mission is consistent with the concept of Sustainability
 and provides a  framework for more systematically
 institutionalizing this paradigm  into EPA operations. It
 identifies changes necessary at the organizational level,
 such as policies and metrics, and it outlines a process for
 incorporating Sustainability into EPA's daily work.

 Under Administrator Jackson's  direction, the Agency
 hosted a  series  of listening  sessions with external
 stakeholders through March 2012. In these discussions,
 the Agency asked businesses,  and other nongovernmental
 and governmental entities, to share thoughts on how EPA
 might put the NAS recommendations into practice.
EPA's Center for Environmental Finance (CEF) reached
out to a wide range of stakeholders on EPA's Environmental
Financial Advisory Board,  the  ten  university-based
Environmental Finance  Centers and others. CEF was
particularly  interested in stakeholder  advice on  how
best EPA can promote sustainable  financing in its work
and  in its partnering and advocacy relationships. Topics
for the listening sessions included: (1) transit-oriented
development in support  of the Sustainable Community
Partnership  between EPA, the Department of Housing
and  Urban  Development,  and  the  Department of
Transportation; (2) promoting private investments in a
green economy and corporate Sustainability; (3) effective
use of cost benefit analyses in Agency decision making;
(4) using information technology  to measure, monitor,
and  report; and (5) strategies for sustainable financing of
Tribal environmental programs.

The  results of these listening sessions will be combined
with those of other sessions held by offices across EPA.
The  ideas and suggestions received from stakeholders will
help to inform EPA's response to the NAS report.
  The complete NAS report can be viewed at http://sites, nationalacademies. org/PGA/sustainability/EPA/index. htm.

 Clean Air Technology Financing  Incentives - Preliminary
 Findings from  the Environmental  Financial Advisory  Board
 A  year  ago, the EPA promulgated
 the Maximum  Achievable  Control
 Technology   (MACT)    regulation
 to  limit emissions of hazardous  air
 pollutants  from  industrial  boilers
 which burn oil, coal, biomass refinery
 gas, or other gas to produce steam.
 Most facilities will comply with this
 regulation  by  installing  pollution
 control  equipment;  however,  new
 technology exists  that operates  more
 efficiently  and reduces the emission
 of hazardous air pollutants  and green
 house gases.

 The Environmental Financial Advisory
 Board (EFAB) submitted a preliminary
 report to EPA's Office  of Air  and
 Radiation  on  financing  incentives
 for replacing boilers with clean air
 technology.  The Board provided this
 report to identify creative financing
 ideas that might provide incentives for
 business owners to  consider newer,
 cleaner technologies  in  their  plants
 rather than retrofitting existing boilers
 with pollution controls.

 EFAB's preliminary findings include:

    The  financial condition of boiler
    owners vary widely from industry
    to industry;
    New EPA rules are  opposed by
   owners    because   compliance
   requires      costly      capital
   expenditures; and
  New technologies are  expensive
   and   not  particularly  energy

These preliminary findings underscore
the   challenges  to  increasing  the
use   of   environmentally-beneficial
technologies.  EFAB  will  continue
to expand  its analysis,  concluding
that  the new MACT rules provide
an  unprecedented   opportunity  to
involve boiler owners in proactively
contributing to improving the quality
of our environment.
The complete report can be viewed at 100E7CO.txt. To browse other reports issued by
the Environmental Financial Advisory Board, please visit
EPA's  Roadmap for Technology
In  April,   EPA  announced   its
Roadmap,   Technology   Innovation
for  Environmental and  Economic
Progress.  The  Roadmap  highlights
EPA activities  to  further  dialogue
with technology   developers, small
business  entrepreneurs,   and  the
investment community for the purpose
of promoting technology innovation to
solve environmental problems.

The Roadmap  helps EPA focus its
efforts  in three areas:  research  and
development,   engaging  with  the
private  sector,  and ensuring sound
policy choices through regulations that
drive  technological  innovation  that
can provide  stronger environmental
protection  at lower economic costs.
The Roadmap shines  a  spotlight on
EPA's role in thinking differently about
environmental technology to figure out
better ways of doing business to protect
the environment and human health.

EPA's  recent activities  under  the
framework of the Roadmap include the
Agency's involvement in technology
clusters, hosting  a technology market
summit,   and    supporting   small
businesses that are working to develop
innovative environmental technologies.

For more information, please visit
                                           Upcoming Events
     Residential Energy Efficiency
     Solutions: From Innovation to
       Market Transformation
           July 9-11, 2012
       Register at http://wwwl.
      workshops July_2012.html

     Quarterly Conversation with
          EPA Leadership
              Date TBD
        To receive participation
       information, please email or visit http://
Center for Environmental Finance Newsletter  June 2012  EPA-190-N-12-002
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