On May 14, 2012, the U.S. Environmental Protection Agency (EPA) and the Department of Commerce announced efforts to launch an environmental technology initiative intended to help create American jobs in the growing environmental industry. EPA released a document entitled Technology Innovation for Environmental and Economic Progress: An EPA Roadmap, which states that EPA “will undertake policy, regulatory, financial, and voluntary actions, grounded in science, that will promote innovation along the entire continuum of technology development and deployment.” Specifically, according to the Roadmap, EPA “will advocate more cost-effective, innovative solutions that eliminate, or significantly reduce, adverse impacts to natural resources in a manner that promotes healthy, productive communities.” EPA states that its initial efforts will focus on four broad actions:
- Designing EPA policies, regulations, standards, permits, and procedures to leverage technology innovation;
- Catalyzing technology design, development, finance, commercialization, and adoption through partnerships with stakeholders;
- Stimulating cross-Agency consideration, development, commercialization, and adoption of breakthrough technologies; and
- Developing a new relationship with the investment community. EPA will take a number of steps to build relationships and improve communication.