News  from the
 Center for Environmental Finance
          Advancing sustainable finance and technology solutions
                           Office of the Chief
                            Financial Officer
                              July 2012
                           Volume 3, Issue 3
EPA Hosts Technology  Market Summit
 On May 14, 2012, EPA convened its first Technology
 Market Summit at American University in Washington,
 DC. Co-sponsored by EPA and American University,
 with participation and support from Duke University's
 Nicholas Institute, the event set in motion a dialogue
 with a diverse group of participants on how government,
 academia,  and  the  private  sector can  accelerate
 technology innovation and deployment to  produce a
 more sustainable  environment,  create jobs, and grow
 the economy.

 Invitees from government,  industry,  academia, the
 investment  community,  and technology innovators
 heard from EPA Administrator Lisa P. Jackson, Secretary
 of Agriculture, Tom Vilsack, Secretary of Commerce,
 John  Bryson, and the U.S. Trade Representative,
 Ron Kirk.  The  Cabinet  officials highlighted the
 importance   of  environmental  technologies  in
 improving environmental  protection and decreasing
 human health risks. They noted  how, at the same time,
 these technologies spur jobs, trade, and private sector
 business opportunities.

 In the morning, attendees joined one of three in-depth
 case  study  topics on environmental  technologies:
 fenceline air quality  monitoring, automotive supply
 chain,  and  biodigesters and  biogas.   After  these
 concurrent  sessions,   Deutsche  Bank  managing
 director Mark Fulton  spoke to participants about how
transparency, longevity, and certainty in public policy
can drive technology investment.  Later in the day, a
panel of corporate and nonprofit leaders gave personal
perspectives on solutions to environmental technology
and finance challenges.

The Summit's  success and the momentum generated
by the event will help to frame EPA's continued work
toward  engaging the  private sector  in advancing
technology that  supports  environmental protection,
jobs, and the economy.
From left to right: EPA Chief Financial Officer Barbara Bennett,
American University President Neil Kerwin, EPA Administrator Lisa P.
Jackson, Secretary of Agriculture Tom Vilsack, EPADeputy Administrator
Bob Perciasepe, Secretary of  Commerce John Bryson, U.S.  Trade
Representative Ron Kirk.
For more information on the Technology Market Summit, please visit to access
presentation materials and videos. For more information on EPA's Roadmap, Technology Innovation for Environmental and Economic
Progress, please visit

 Highlights of the May 2012  Environmental Financial
 Advisory Board  Meeting
The Environmental Financial Advisory Board (EFAB)
held its most recent meeting  May 22-24, 2012  in
Alexandria, Virginia. The meeting provided the board
members the opportunity to hear from a distinguished
group of EPA officials and to discuss, in some detail,
the status of the ongoing work of the board's six project

Among a  group of excellent  speakers,  one  clear
highlight was the presentation  made  by Ms. Shalini
Vajjhala, Special Representative from  EPAs Office of
the Administrator. Ms. Vajjhala spoke on the topic of
the U.S.-Brazil Joint Initiative on Urban Sustainability.
This  partnership  reflects   the  infrastructure  and
Sustainability  priorities of both U.S. President Barack
Obama and Brazilian President Dilma Rouseseff A core
aspect  of the  initiative is the partnership between  the
cities of Rio de Janeiro and Philadelphia.  The purpose
of the joint initiative is to serve as a bridge to aggregate
needed  environmental   infrastructure  projects  and
create investment portfolios. Partnership participants
are developing case studies of selected project profiles
and finance mechanisms that can be  shared to promote
best practices and flag opportunities. The case studies
are included on a portal  site, which was announced
as a tool at the Rio+20 conference. The portal is an
interactive, online entry point for communities, local
officials, developers and investors to help them work
together toward investment in urban Sustainability in
cities around the world. It is hoped that the initiative
will  create a  template for innovative ideas that can
be applied in  other countries, and that the portal will
continue to grow.

Another highlight of the meeting was the presentation
of the Tribal Environmental Programs Workgroup. The
workgroup presented the board with a proposed position
statement on  making tax-exempt bonds  available to
the Tribes to finance municipal projects on the same
basis as available to state  and local governments. The
workgroup noted that  the Department  of Treasury
supports this position  and  recommended the EPA
follow suit. Members engaged in a spirited discussion
of the  position  statement language  and discussed
the possibility of changes. The  workgroup and staff
are revising  the  statement based on  the full  Board
recommendations.  A final position  statement will go
back to the board for approval later this summer.
 The Environmental Financial Advisory Board is an independent advisory committee that gives advice to EPA's Administrator on financing
 environmental protection activities and increasing investment in environmental infrastructure. For additional information on the Board,
 visit For more information on the Joint Initiative on Urban Sustainability, please visit
Financial Tool Spotlight: Water for  People
Water for People, an international nonprofit development
organization  established  in  1991,  assists  people in
developing countries by supporting the improvement
and  expansion  of locally  sustainable drinking water
sources, sanitation facilities,  and hygiene education
programs.  Water  for  People  partners  with  non-
governmental organizations and communities around
the world and has provided more than 98,000 people
with  safe  drinking water sources and/or improved
sanitation facilities. Water for people now operates in
ten countries around the world - Bolivia, Peru, Ecuador,
Guatemala, Honduras, Nicaragua, West Bengal in India,
Uganda, Rwanda, and Malawi.
For more information on support for international environmental finance projects, please visit
cgi?Dockey=Pl OOB9IY.txt.
Center for Environmental Finance Newsletter  July 2012  EPA-190-N-12-003
                                           Page 2

Environmental Finance Center at University of North
Carolina-Chapel Hill  Expands  Project Work
EPA's  Environmental  Finance Center (EFC)  Grant
Program supports a network of ten university-based
centers located across the nation. These EFCs provide
multi-media finance expertise  and outreach to  states,
tribes,  local governments,  and the private sector to
help them meet environmental requirements. Services
include finance-related information, education, training,
technical  assistance,  and  other  analytic  support.
The EFCs educate  stakeholders on  lowering  costs,
increasing investment, improving financial capacity,
achieving sustainability, and identifying and evaluating
options for environmental services and programs.

The EPA-funded work that the EFCs have performed
over the last ten years is  impressive and extensive;
so successful have the EFC services been that other
entities  now support and  benefit from the centers'
specific environmental finance expertise. Located in
the School of Government, the EFC at the University
of North Carolina at Chapel Hill (UNC) is one EFC
that has  effectively leveraged available  resources
by  obtaining project  support from  a wide variety
of  other governments,  nonprofit organizations,  and
private sector sources.  Some  of the  more prominent
sources include the U.S. Department of Energy, the
Appalachian Regional Commission, the North Carolina
Department  of Environment and Natural Resources,
the North Carolina State Energy Office, the Georgia
Environmental Finance Authority, the North Carolina
Urban  Water Consortium,  the North  Carolina  Rural
Economic Development Center, the  Water Research
Foundation,  and Aqua North Carolina, a division of
Aqua, Inc.

Highlights are:

Department  of Energy  Project:   The  UNC  EFC
joined  a national team funded by the Department of
Energy  (DOE)  to  focus on financing strategies for
energy efficiency, renewable energy generation, other
distributed generation, and energy  asset management
projects, particularly for state and  local recipients of
American Recovery and Reinvestment Act (ARRA)
funding. The team members act as consultants  and
de facto investment counsels  for states  and local
governments, provide field training on financing issues,
and develop presentation and written materials that are
added to DOE's Energy Solutions Center website.

Appalachian  Regional  Commission  Work:     The
Appalachian Regional  Commission (ARC)  contracted
with the UNC EFC to conduct a water and wastewater
needs and funding  gap assessment in the 410-county
Appalachian Region running through thirteen  states
from Alabama to  New York.  In  its  project  work,
the UNC EFC created a baseline financial database,
assessed the state of existing resources available for
water and sewer infrastructure needs, consulted with
local officials to identify major infrastructure finance
challenges,   inventoried  current  policies  and  best
practices, facilitated peer to peer information exchanges,
and prepared infrastructure finance case studies.

North Carolina and Georgia Water and Wastewater
Rates and Rate  Structures:  Every year  the  UNC
EFC, in partnership with  the North Carolina League
of Municipalities, collects information  on  water  and
wastewater  rate  schedules from hundreds of local
governments and not-for-profit  utilities across  North
Carolina. In  Georgia, the UNC  EFC and the Georgia
Environmental Finance Authority have  collected  and
analyzed water and wastewater rate structures from
almost 90 percent  of  service providers in the state.
The rate information  from both states  is  integrated
into readily  usable formats, analyzed,  and provided
to the appropriate  elected officials  and staff to help
them make decisions related to  water and wastewater
services during budget preparations.
For more information on the Environmental Finance Centers, visit
Center for Environmental Finance Newsletter  July 2012  EPA-190-N-12-003