|

Environment
"Green
Wave" Environmental Investment Initiative: California
State Treasurer
Public
Works assisted California State Treasurer Phil
Angelides in the development of an innovative effort to leverage
the state's pension and investment funds to push towards a
cleaner environment while seeking positive long-term returns.
Through its $328 billion public pension and investment portfolio,
California is integrally woven into the fabric of the global
capital markets. Responsible management of California's sizable
portfolio requires its fiduciaries to identify emerging risks,
as well as potential investment opportunities, in all sectors
of the portfolio. Environmental risks such as climate change
may diminish the value of business assets and harm certain
industries. Further, regulatory and competitive pressures
on companies with environmental liabilities, such as in emissions-intensive
and insurance sectors, will affect their financial performance
and shareholder value.
| GreenWorks
is a new environmental investment consulting service that
helps promote investment initiatives that represent sound
public policy and responsible public investing. |
Consistent
with the Treasurer's prior efforts to leverage the state's
pension and investment funds to achieve a "double bottom
line" of creating a positive financial return while spurring
economic development and environmental responsibility, the
State Treasurer's "Green Wave" investment initiative:
- Demands
more corporate environmental accountability and disclosure;
- Targets
private investment in clean technologies;
- Invests
funds with managers who have a proven track record of investments
in environmentally responsible companies that meet or exceed
market performance; and
- Audits
state pension fund real estate holdings for energy efficiency
and sustainability.
Next
Generation Environmental Excellence: California Environmental
Protection Agency
Public
Works devised a strategic plan for developing the
vision of next generation environmental regulation into specific
and achievable action steps, and selling the vision and action
steps to various audiences, including the Governor, the legislature,
the general public, and the environmental and business communities,
as well as suggesting other areas in which Cal/EPA could be
advancing new policy initiatives. We developed a comprehensive
and unified agenda for Cal/EPA at the secretarial level, including
further developments in brownfields clean-up; Environmental
Federalism; the state's then-pending electricity crisis; promotion
of clean energy technologies; development of an Environmental
Management System for the agency's own work practices; smart
growth policies in state government siting and building decisions;
water, pesticide, and mercury pollution policies; environmental
equity; and the agency's own information technology capabilities.
Brownfields
Clean-Up Program: California Environmental Protection Agency
The Secretary
of the California Environmental Protection Agency asked Public
Works to design and implement a brownfields redevelopment
program. Previous efforts to enact brownfields legislation
in California had foundered on an intractable debate over
a technical issue. Public Works not only cut this Gordian
Knot with a solution hailed in the press as "novel"
and "ground-breaking" - but also directed an inter-departmental
working group in crafting the program, drafting the legislation,
and shepherding it through the legislature, working directly
with the Secretary and the Governor's Office to create a signature
initiative for the Governor.
Environmental
Justice: Maryland
Working
with the Maryland Department of the Environment (MDE) and
the Maryland Commission on Environmental Justice and Sustainable
Communities (EJ Commission), Public
Works completed a Report and Recommendations based
on a series of Public Dialogue Sessions held in 2003 throughout
Maryland. The Public Dialogue Project consisted of four phases:
1)
Discussions with more than 25 key staff and management from
the MDE and the U.S. Environmental Protection Agency, as
well as several members of the EJ Commission. The purpose
of these "focus group" discussions was to: 1)
identify how environmental equity issues arise in the day-to-day
operations of MDE and other state and local agencies; and
2) identify potential participants and invitees for the
Public Dialogue Sessions.
2)
Preparations for each of the Public Dialogue Sessions. The
handout materials and the format of each Public Dialogue
Session varied depending upon the anticipated turnout levels
and the issues of interest in each community.
3)
Facilitation of the Public Dialogue Sessions in Baltimore,
Cumberland, Landover and Easton, Maryland. Public
Works also prepared and circulated summaries
of those Dialogue Sessions for comment by attendees and
EJ Commission members.
4)
Development of common environmental justice themes and issues
that citizens expressed in all of the Public Dialogues.
Some of the environmental justice themes and issues from
the Public Dialogue Sessions were anticipated based upon
the internal focus group interviews, but several unanticipated
issues emerged from the Dialogue Sessions.
Finally,
Public Works developed
a series of Recommendations to address the environmental justice
themes and issues identified during the Public Dialogue Sessions.
Public Works presented the Report and Recommendations to the
EJ Commission in December 2003.
Children's
Environmental Health Agenda: Arizona
In 2003,
Public Works provided
the Arizona Department of Environmental Quality with policy
development, long- and short-term planning and management,
and research and analysis support for the Department's newly
created Office of Children's Environmental Health. The main
goals of the effort were to develop a streamlined management
structure for the Office and provide the Department with research
and policy recommendations to improve existing programs governing
the protection of children's environmental health. Working
closely with Department staff, Public
Works identified specific policies that the office
could pursue, as well as possible legislative proposals.
Environment
Department Program Analysis and Cost Savings: New Mexico
As part
of Governor Richardson's Performance Review, Public
Works assisted the New Mexico Environment Department
(NMED) and the New Mexico Energy, Minerals and Natural Resources
Department (EMNRD) in identifying more than $5 million in
program savings and performance enhancements. Public
Works staff worked with senior level policy experts
in each agency to help identify areas of duplication between
agencies and specific program recommendations to cut costs
without compromising program performance. Specific cost saving
program recommendations included:
- Consolidating
staff from EMNRD into NMED to streamline the enforcement
of the New Mexico Mining Act;
- Reforming
the New Mexico Corrective Action Fund to improve the effectiveness
of the underground tank cleanup program;
- Improving
New Mexico's ability to recover tank cleanup costs from
a polluting company's insurance carrier; and
- Streamlining
the approval process used to make agency purchases of business
equipment and travel services.
Reducing
Sprawl: New Jersey Coalition for Affordable Housing &
Environment
Public
Works investigated ways to reformulate state tax,
land use, and aid programs to strengthen cities and reduce
sprawl for New Jersey Policy Perspective and the New Jersey
Coalition for Affordable Housing and the Environment.
Union
of Concerned Scientists
In early
2002, Public Works helped
the Union of Concerned Scientists to develop a legislative
and communications strategy related to the release of its
Confronting Climate Change in the Great Lakes Region, a comprehensive
report that describes the effects of climate change in the
mid-west region. Public Works
examined the impact of the 2002 elections on the Governor's
Offices, statehouses, and environmental agencies in the Great
Lakes Region. Public Works made recommendations on which states
the Union of Concerned Scientists should target with press
and technical briefings. Confronting Climate Change received
significant press coverage in the targeted states that are
more likely to implement new legislation.
- If
you want to know more about Public
Works, please contact
us today.
|