International Cooperation

EPA's Role in International Finance

Former EPA Administrator Lisa Jackson gives the keynote address at the UN Environment Programme Finance Initiative Global Roundtable, October 2011.

International finance and investment decisions can play an invaluable role in efforts to improve international environmental protection standards. Environmental policy actions by leading international financial institutions, multilateral development banks, export credit agencies, and relevant non-governmental organizations can help shape the environmental protection guidelines that guide global financial markets.  

By working in this area, EPA can help to ensure the availability of capital for financing environmental infrastructure and support governance rules that more accurately incorporate the value of natural capital and environmental protection.  

To support and strengthen this role, EPA works to shape environmental criteria for finance and investment decisions, foster investment in environmental infrastructure, and support rules that incorporate sound environmental stewardship in multilateral development banks and other international finance institutions.

Learn more about our work with:


Multilateral Development Banks

EPA works with the U.S. Department of the Treasury and others to review environmental and social impacts of proposed multilateral development bank investments, to update the policies that guide such investments, and in the design of new lending instruments.
 
The U.S., represented by the Treasury Department, is a member of the World Bank Group, and a member of four regional development banks:
 

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Multilateral Environmental Funds

Similar to its work on multilateral development bank projects and policies, EPA works with the U.S. Department of Treasury to review proposed projects of multilateral environmental funds (MEFs). MEFs are financial mechanisms used to promote strong environmental governance and increased environmental protection in developing and emerging economies. MEFs are important international forums for advancing U.S. policy.
 
EPA assists in developing policies for the use of resources in MEFs, such as the Global Environment Facility Exit and the Climate Investment FundsExit
 
 

International Organizations

EPA also works with a number of U.S. agencies on environment and finance-related issues that arise in various international forums, such as the OECD, the U.N., and others.
 
For example, EPA participates in the implementation of the OECD Guidelines for Multinational EnterprisesExit including its chapter on the environment, through the U.S. National Contact Point. EPA engagement ensures that environmental considerations are taken into account by the 43 governments that have signed on to these voluntary guidelines for responsible business practices for multinational enterprises.
 
 

Contacts

For additional information on EPA's International Trade efforts, contact:
Joe Ferrante
U.S. Environmental Protection Agency
Office of International and Tribal Affairs (2670R)
1200 Pennsylvania Ave., NW
Washington, DC 20460