Environmental Financial Advisory Board (EFAB)
The Environmental Financial Advisory Board (EFAB) provides ideas and advice to EPA's Administrator and program offices on ways to lower the costs of and increase investments in environmental and public health protection.
- Lowering the cost of environmental protection;
- Removing financial and programmatic barriers that raise costs;
- Increasing public and private contribution in environmental facilities and services; and
- Building state and local financial ability to meet environmental laws.
- officials from state and local governments;
- leaders from the finance community and other business industries;
- selected federal employees; and
- members of environmental, tribal and non-governmental organizations.
- EFAB Letter to EPA Administrator Regan
- EFAB Public Meetings
- EFAB Stormwater Finance Workgroup
- EFAB Charter and Guidance
- EFAB Activity Summaries, Publications, and Reports
On April 27, 2021, EFAB submitted an introductory letter to EPA Administrator Michael Regan. The letter discusses the role of EFAB in supporting EPA, the composition of its membership, and the Board’s recently completed products. In the letter, the Board enumerates the ways it is working with EPA on current financing and investment issues facing the environmental sector. These include advancing social and environmental justice through infrastructure financing and investment, risk assessment and the cost of capital for infrastructure, expanding regional approaches to scaling water-based infrastructure financing and investment, and more. This letter also notifies Administrator Regan that the Board is prepared to serve as a resource and engage on critical climate financing topics. Through this letter, EFAB offers to provide expertise and recommendations on innovative policy interventions to enable transformational environmental, economic, and social changes in communities throughout the country.
Upcoming Virtual EFAB Public Webinar
When: August 26, 2021, from 12:00 p.m. to 1:30 p.m. (Eastern time)
Purpose: EFAB will hold the webinar for an Opportunity Zones Practitioner Panel for the EFAB Opportunity Zones Workgroup. Due to interest from the full Board, this webinar is being opened to the public.
- Registration is required in advance for all members of the public who wish to participate.
- The webinar is open to the public, but no oral public comments will be accepted during the briefing. Written public comments relating to the Opportunity Zones Workgroup should be provided in accordance with the instructions below on written statements.
- Access or services for individuals with disabilities, or to request accommodations for a disability, please register for the webinar and list any special requirements or accommodations needed on the registration form at least 10 business days prior to the meeting to allow as much time as possible to process your request.
- Opportunity Zones Webinar Agenda and Speaker Bios (pdf)
- Opportunity Zones Webinar Presentations (pdf)
To submit comments for the EFAB Opportunity Zones webinar:
- Written statements for the webinar should be received by August 20, 2021, so that the information can be made available to the EFAB for its consideration. Written statements should be sent via email to the EFAB email box (email@example.com). Members of the public should be aware that their personal contact information, if included in any written comments, may be posted to the EFAB website. Copyrighted material will not be posted without explicit permission of the copyright holder.
April 2021 Virtual Meeting
A virtual public meeting of EFAB was held April 20-21, 2021. The purpose of the meeting was to provide EFAB workgroup updates to the Board regarding work products and workplans related to the Opportunity Zones charge the Board accepted during its October 2020 meeting; to receive briefings from invited speakers from EPA and the Environmental Finance Center Network on environmental finance topics; and to discuss potential future EFAB projects including Stormwater Credit Trading, Environmental Risk and the Cost of Capital, Financing Small Manufacturer Pollution Prevention Project, and others.
Past EFAB Meetings
EFAB accepted the charge to form a stormwater finance workgroup, meeting the Agency’s requirements for the task force under the America’s Water Infrastructure Act (AWIA). As part of this stormwater finance workgroup, the Agency accepted nominations until April 19, 2019, for expert consultants to advise the workgroup. Appointments were made by EFAB's Designated Federal Officer and were announced in June 2019.
EFAB members that make up this task force are: Lori Beary, Ted Chapman, Rudy Chow, Lisa Daniel, Yvette Downs, Ted Henifin, Craig Holland, Pam Lemoine, Chris Meister, Eric Rothstein, Angie Sanchez, Bill Stannard, and Joanne Throwe.
The expert consultants supporting this workgroup are: Bethany Bezak, Jerry Bradshaw, David Bulova, Janet Clements, Carrie Evenson, Matthew Fabry, Carol Haddock, Laurie Hawks, Lisa Kay, Drew Kleis, Prabha Kumar, Rebecca Losli, John Lundell, Ewelina Mutkowska, Fernando Pasquel, Mike Personett, Andrew Reese, Carrie Sanneman, Elizabeth Treadway, and Chuck Walter.
For more information, contact Ellen Tarquinio (firstname.lastname@example.org).
EFAB Stormwater Finance Workgroup Report to EPA
On March 30, 2020, EFAB submitted its report, “Evaluating Stormwater Infrastructure Funding and Financing”, to the Agency. This report was developed in response to Section 4101 of the AWIA.
EFAB Stormwater Finance Workgroup Public Teleconferences
EFAB held two public teleconferences in December 2019 of the EFAB Stormwater Infrastructure Finance Taskforce to continue development of a workgroup report on the availability of public and private sources of funding for the construction, rehabilitation, and operation and maintenance of stormwater infrastructure.