Archive:

2019

GUIDANCE DOCUMENT: Primer on the Ecological Accounting Process (EAP) – A Methodology for Valuing the ‘Water Balance Services’ Provided by Nature (released January 2019)


Marvin Kamenz coined the term “package of ecological services” to describe the many advantages the Town of Comox expects to receive from a creekshed now and in the future. “The Ecological Accounting Process focuses on the worth of ecological services to residents, rather than their imputed value. Thus, worth deals with real numbers which local governments need to deliver outcomes. Looking through the ‘worth lens’ proved transformational in the Town of Comox,” stated Marvin Kamenz.

Read Article

SUSTAINABLE WATERSHED SYSTEMS: “How do communities decide how much to invest in restoration? The Primer on the Ecological Accounting Process (EAP) describes a methodology that landed on the notion of the natural commons as the starting point for calculating the financial value of a stream bed and riparian corridor,” states Tim Pringle, EAP Chair (January 2019)


“EAP deals with a basic question: what is a creekshed WORTH, now and in future, to the community and various intervenors? The EAP valuation methodology yields an asset value for the stream corridor that can then be used for budget purposes,” stated Tim Pringle. “We broke new ground with EAP. Insights and understanding that we gained led us to look at creeksheds differently. The importance of viewing choices through the ‘worth lens’ became clear.”

Read Article