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“EAP, the Ecological Accounting Process, 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. Application of the EAP methodology can help to inform an investment strategy for protection and/or restoration of ecological-hydrological function,” stated Tim Pringle.

“The report introduces new terminology – such as, the NATURAL COMMONS ASSET. The NCA is the portion of the stream defined by the set-back area required by streamside protection regulations. Often the NCA is augmented by contiguous natural area, such as parkland. This larger area is the Natural Commons Area. In addition, the report emphasizes the acronym M&M to draw attention to the distinction between these objectives as strategies: MAINTENANCE, which means ‘prevent degradation’; and MANAGEMENT, which means ‘improve the condition’,” stated Kim Stephens.

“We arrived at an important insight about ecological assets; that is, an ecological commons is a land use. Regulations define stream functions and setback requirements. Whether it is a pond, wetland or riparian zone, it can be measured. The assessed values of adjacent parcels can be used to provide a value for the natural commons. The inference is that the area of the natural commons would be zoned residential or whatever if the stream was not there,” stated Tim Pringle.

“The members of the Mid Vancouver Island Habitat Enhancement Society have devoted over 10 years of time and energy towards restoring the health of Shelly Creek for salmon and trout. Our volunteers have contributed over $90,000 to the ‘maintenance’ of the creek and its’ fish populations. Our members are impressed with the scope of the analysis brought forward with this EAP application. We can now see how our ongoing investments, as stream stewards, not only can improve the worth of a  creekshed’s biophysical functions, but also improve riparian land values as well,” stated Peter Law.

“The EAP program has three stages: Test / Refine / Mainstream. During 2017 and 2018, two Stage 1 demonstration applications tested the concept, and demonstrated EAP relevance to local government. In 2019, two Stage 2 demonstration applications resulted in working definitions and consistent application of the EAP methodology. In 2020 and 2021, six Stage 3 demonstration applications will mainstream use of EAP. The grand total of ten demonstration applications will encompass a range of land use situations in five regional districts,” stated Kim Stephens.

“Asset management professionals need to be aware of bias that may be implicit in traditional terminology for evaluation of ecosystem approaches. Bias comes into play in one or more of the following three ways. First, whether one breaks the ecological system into its parts, or looks at the system as a whole. Secondly, whether the analytical focus is solely on financial values, or also takes into account social values. Finally, whether the guiding philosophy for valuation primarily is influenced by academia and scientific arguments, or by how the community uses the natural commons (stream corridor),” stated Tim Pringle.

EAP is the culmination of a 30-year journey by Tim Pringle. He has thought about and worked hard to develop and evolve a guiding philosophy, pragmatic strategy and meaningful metrics for valuing the services provided by nature. “Residents and property owners are familiar with constructed commons services – roads, potable water, storm sewers and many other ongoing services. They expect these services to endure. Similarly, communities expect the ecological services provided by the natural commons to be enduring,” stated Tim Pringle.

“The idea of a natural commons supporting a package of ecological services which the community wants and expects to have implies that approved plans for land development should not result in ecological services being merely residual outcomes – that is, the community should be happy with what is left. Rather, their maintenance and management (M&M) should be planned as core municipal services,” stated Tim Pringle.

“Asset management is a process for sustainable service delivery. The BC Framework is designed as a wheel as there is a beginning but no end to the process. The role of natural assets in our communities is not well understood. As the Primer shows, significant work has been done on the integration of natural assets into the overall asset management program,” states Wally Wells. The Primer builds on the foundations established by EAP, the Ecological Accounting Process, and the Municipal Natural Assets Initiative.

“Traditionally land development is implemented under criteria set out in local government bylaws and other legislation. So-called proven practices of development follow a usual sequence: the community plan, zoning, institutional uses, parks and public spaces, and infrastructure including roads and drainage. This traditional approach does not appreciate hydrology and the streams it supports as systems. EAP addresses this specific deficiency,” explains Tim Pringle.