REPORT ON: “Kilmer Creek Re-Alignment in the District of North Vancouver: Assessing the Worth of Ecological Services Using the Ecological Accounting Process for Financial Valuation” (Partnership for Water Sustainability in BC; released June 2020)
“EAP addresses this question: How do communities decide how much to invest in the natural commons? The EAP methodology and metrics enable a local government to determine the WORTH of the natural commons, with ‘worth’ being the foundation for an annual budget for maintenance and maintenance of ecological assets. EAP considers the system as a whole, takes into account social values, and is guided by how the community uses the natural commons, including influences on nearby parcel values,” stated Kim Stephens.