A PROPERLY FUNCTIONING ‘NATURAL COMMONS’ SUPPORTS A PACKAGE OF ECOLOGICAL SERVICES: Ecological Accounting Process, EAP, is a pragmatic ‘made in British Columbia’ approach to financial valuation of the ecological services supplied by a stream
“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.