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International Programs

Finance

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

Investment has an important role to play in improving environmental protection at the international level. 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.

 

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:

 

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 EPA disclaimer and the Climate Investment Funds. Exit EPA disclaimer

 

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 Enterprises, Exit EPA disclaimer 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.

Learn more about EPA’s work with International Organizations.

 


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
E-mail: ferrante.joe@epa.gov

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