"The Ecological Accounting Protocol is about specific values (pricing) - not imputed, generalized values," wrote Tim Pringle. "Since cost-avoidance, at least perceived cost-avoidance, motivates much of the decision-making process about infrastructure, and development in general, why has the obvious role of natural assets been omitted to date? The Ecological Accounting Protocol suggests it is the lack of measurement."
“Designing with nature is efficient. It amounts to using income from natural capital rather than drawing down the resource,” wrote Tim Pringle. “The key principle is that settlement and ecology are equal values. This condition is prerequisite for designing with nature and it supports better control of the life-cycle costs of providing infrastructure for the built environment.”
"The Ecological Accounting Protocol (EAP) is an economic tool to make real the notion of 'watersheds as infrastructure assets'. EAP would support four related analytical approaches to capital expenditure and life cycle costs represented in infrastructure (drainage) services drawn from natural assets. These are Substitution, Cost Avoidance, Environmental (watershed health) Benefits, and Attributed Values," wrote Tim Pringle.
Tim Pringle coined the phrase ecological accounting protocol. “The purpose is to enable comparison of engineered infrastructure to natural systems by means of common units of measurement and value,” states Tim Pringle. “The challenge is in HOW to calculate the most effective blend of services from nature and engineered infrastructure. The need for measurement and valuation is paramount."
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