Tag:

asset management

    ARTICLE: Natural Assets as Ecological Systems and Services: What do you know or wonder about the EAP and MNAI missions? (Asset Management BC Newsletter, Fall 2020)


    “The two initiatives are outcomes flowing from the tireless determination of two pioneers, EAP Chair Tim Pringle and MNAI Chair Emanuel Machado, to transform how local governments view ecological systems and the services they provide. Development of both MNAI and EAP began around 2015. Actually translating policy objectives into tangible outcomes requires that local governments have a methodology and metrics for valuing ecological assets and services in an asset management strategy,” wrote Kim Stephens.

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    DEMONSTRATION APPLICATION OF EAP, THE ECOLOGICAL ACCOUNTING PROCESS: “The once-in-a-lifetime redevelopment of the Argyle high school site in North Vancouver’s Lynn Valley is an opportunity for stream restoration in one of the older urban areas. Application of the EAP methodology and metrics enabled us to quantify how streams influence neighbourhoods and property values, and thus inform the Kilmer Creek daylighting decision process,” stated Tim Pringle, EAP Chair (June 2020)


    “Two school frontages abut the stream. They account for 55% of the channel length through the area developed prior to streamside regulation. Thus, culvert daylighting plus channel realignment through school lands represent the single, most favourable opportunity to achieve stream restoration in the context of redevelopment. Stream restoration would enable the school district to fulfill a compelling social obligation, and that is, to recognize its responsibility to support maintenance and management of Kilmer Creek as a natural commons,” stated Tim Pringle.

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    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.

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