The draft guidance was published jointly by the secretaries of state for environment, Scotland and Wales. As a statutory consultee, the agency says it will be making a formal response in due course.
David Slater, director of pollution prevention and control, said:
'The new legislative provisions for contaminated land present a significant challenge for the agency and local government. We will be looking to a partnership approach with our local authority colleagues, and one which allows sensible integration with other regulatory regimes and proper evaluation of costs and benefits.
Dr Slater said that the agency would base its approach to prioritising action to deal with contaminated land on a sound scientific and technical understanding of the problems.
In addition to responding to the government's consultation, the Environment Agency will also be presenting evidence to the environment select committee's enquiry into the draft guidance which is to take place in October.
Dr Slater said the agency would also be maintaining a dialogue with the government and others to ensure that a constructive debate takes place in order to produce solutions to any problems that are identified.