EAP, THE ECOLOGICAL ACCOUNTING PROCESS, IS GAME-CHANGING: “EAP provides communities with a philosophy, pragmatic methodology and metrics to make the financial case for annual investment to prevent degradation and improve the condition of ecological assets that constitute a stream corridor system,” stated Kim Stephens, when the Partnership for Water Sustainability in BC released its report on the Financial Case for Bowker Creek in the Capital Regional District (October 2021)
“Use of EAP to establish the ‘financial case for the stream’ would put maintenance and management (M&M) of stream corridor systems on an equal footing with constructed assets (municipal infrastructure). Once local governments embrace a guiding philosophy that ecological services and use of land for development are equally important, then the next step is for them to include M&M budgets for stream systems in their Asset Management Plans. This would begin the process of reconnecting hydrology and stream ecology by design.” stated Kim Stephens.