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EAP

    ELEPHANT IN THE ROOM: “Local governments require a methodology and metrics to operationalize ‘maintenance and management’ (M&M) of stream corridor systems under the umbrella of their Asset Management Plans,” stated Tim Pringle, Chair of the Ecological Accounting Process Initiative, in an article published in the Winter 2021 issue of the Asset Management BC Newsletter


    “A central idea of the EAP methodology is that a stream system has a ‘package of ecological services’.  This concept refers to the combined range of uses desired by the community. Three key words capture the essence of what the phrase ‘range of uses’ means, namely: drainage, recreation and habitat. This is plain language that elected Councils and Boards understand,” stated Tim Pringle. “The EAP methodology has evolved as we have learned from, and adapted, each successive case study application. Each situation is unique, but the approach is universally applicable.”

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    NATURE’S ASSETS SUPPORT CORE LOCAL GOVERNMENT SERVICES: “Emanuel Machado and Tim Pringle are agents of transformation. They independently ventured into uncharted territory to build the financial case for inclusion of ecological systems in local government asset management strategies,” stated Kim Stephens, Executive Director, Partnership for Water Sustainability in British Columbia


    “In the Watershed Moments video, Tim Pringle and Emanuel Machado illustrate how to take into account the social, ecological and financial values of ecological assets,” stated Kim Stephens. “They took an abstract concept – nature’s assets support local government services – and they made it tangible so that it is implementable. Their pioneer efforts in leading parallel initiatives have established provincially relevant case study precedents. Replicable precedents are already influencing how local governments view the social, ecological and financial values of streams and riparian corridors.”

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    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.

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    ARTICLE: “The Ecological Accounting Protocol for valuing watersheds as infrastructure assets is the lynch-pin for driving change. EAP deals with the monetary value of renewable services provided by natural assets,” stated Kim Stephens (Asset Management BC Newsletter, Summer 2017)


    “Under the EAP framework, the reference to natural assets means ecosystems of watersheds. The EAP methodology focuses on drainage and water balance services because this is of direct relevance to local government decision-making. The vision for EAP is that adoption of the guiding philosophy and approach would contribute significantly overall to local government plans for asset management, the sustainability of watershed natural assets, as well as administrative and financial capacity of local government,” stated Kim Stephens.

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