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.
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:
- Inter American Development Bank
- Asian Development Bank
- African Development Bank
- European Bank for Reconstruction and Development
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 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, 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.
- Back to: Environment, Trade and Finance
For additional information on EPA's International Trade efforts, contact:
U.S. Environmental Protection Agency
Office of International and Tribal Affairs (2670R)
1200 Pennsylvania Ave., NW
Washington, DC 20460