2018 posts

VALUATION OF NATURE’S SERVICES: “Quantifying and valuing nature are complex tasks. Undertaking them alters our conception of nature. As a result of it, nature appears more fragmented,” wrote Professor John Henneberry (University of Sheffield) in a ‘think piece’ published in The Conversation (Dec 2018)

“Over the last decade, an industry has developed that values different aspects of nature in different ways,” wrote John Henneberry. “Nature appears more fragmented because we have to slice it into categories and dice those categories into bits before we can value bits of those bits. The sum of these parts is far short of the whole and does not capture the interconnectedness and holism of nature. In addition, our view of nature is biased to those aspects of it that can be measured and particularly to those that can be valued.”

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OPINION PIECE: “Public Sector Accounting Board must seize options to begin allowing governments to consider natural assets on the balance sheet,” says Roy Brooke (Nov 2018)

“Local government efforts to account for natural assets… run afoul of Canadian public sector accounting rules, which do not allow accountants to consider natural assets to be ‘real’ assets for financial purposes,” stated Roy Brooke. “This could — and should — change, however, as the result of an ongoing consultation led by Canada’s Public Sector Accounting Board. They develop the Handbook that guides Canada’s public sector accountants, and this consultation is a once-in-a-generation opportunity to make adjustments to the concepts underlying our Canadian public sector accounting standards.”

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MUNICIPAL NATURAL ASSET MANAGEMENT IN BC: “We’re aiming to translate enthusiastic interest in our home-grown approach into real-world practice in municipalities and asset management organizations around the world,” says Emanuel Machado, CAO, Town of Gibsons

“We get it. It can feel incredibly daunting to implement a significant change to your established systems – even when there’s clear evidence that change will almost certainly help improve decision-making, reduce asset funding requirements and advance your community’s resilience to climate change over the long-term,” states Emanuel Machado. “That’s why the Town of Gibsons was first inspired to create “Advancing Municipal Natural Asset Management: The Town of Gibsons’ experience in financial planning and reporting” – otherwise known as ‘Advancing MNAM’.”

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