In December 2005, the Victoria Transport Policy Institute issued a report entitled “Win-Win Emission Reductions: Smart Transportation Emission Reduction Strategies Can Achieve Kyoto Targets And Provide Other Economic, Social And Environmental Benefits”. Prepared by Todd Litman, the report was presented as a contribution to the 11th United Nations climate change conference held in Montreal.
In November 2005, the Resort Municipality of Whistler won first place in an international competition for long-term planning for its comprehensive sustainability plan, Whistler 2020. Whistler won top honors out of all 53 competing cities. Whistler was also declared one of the most liveable communities in the world, winning a silver medal and placing third in its population category for this award.
The term 'natural capital' refers to a region’s natural, environmental, and ecosystem resources, and land. It is capital because it contributes goods and services necessary for environmental and economic health. In addition to some of the more obvious benefits of environmental conservation such as habitat preservation, flood control, and ensuring water quality, there are significant financial benefits. Assigning a monetary value to our natural resources creates another motivation for environmental preservation and restoration.