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)
“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.