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Emanuel Machado

    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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    NATURAL ASSETS AS ECOLOGICAL SYSTEMS AND SERVICES: “The Ecological Accounting Process and Municipal Natural Assets Initiative are program outcomes flowing from the tireless determination of two pioneers, EAP Chair Tim Pringle and MNAI Chair Emanuel Machado, to transform how local governments in British Columbia view ecological systems and the services they provide in supporting sustainable service delivery,” wrote Kim Stephens (Asset Management BC Newsletter, Fall 2020)


    “Two programs – MNAI, the Municipal Natural Assets Initiative; and EAP, the Ecological Accounting Process – are facilitating the move from awareness to action that accounts for ecological systems and services. What do you know about the EAP and MNAI missions? Do you wonder whether they are the same, or different? In the second installment of ‘Watershed Moments, the Video Trilogy Series’, EAP Chair Tim Pringle and MNAI Chair Emanuel Machado elaborate on how natural assets provide core local government services,” stated Kim Stephens.

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    NATURAL ASSETS AS ECOLOGICAL SYSTEMS AND SERVICES: “The Town of Gibsons has pioneered an approach to natural asset management which aligns with the mission of the Partnership for Water Sustainability in BC. This synergy reinforces our respective efforts to change how local governments view and value ecological assets,” Kim Stephens told Mayor and Council when he presented the Town with a Champion Supporter award (September 2020)


    “This award is really recognition of our staff, in particular our CAO, and the work that he and others have done in this very important area,” stated Mayor Bill Beamish. “The current Council was elected in 2018 and we are continually being educated in terms of natural assets and natural assets management. It is a true feather in the cap of the Town of Gibsons that we are getting recognition outside the community. At some point, I hope that (the Town’s accomplishments) will be recognized as strongly within the community. There is still work to be done in that area.”

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    GUIDANCE DOCUMENT: “Primer on Integrating Natural Assets into Asset Management” builds on foundations established by two initiatives – EAP, Ecological Accounting Process; and MNAI, Municipal Natural Assets Initiative (released by Asset Management BC, September 2019)


    “The Primer on Integrating Natural Assets with Asset Management builds on the foundations established by two BC-based programs: EAP, the Ecological Accounting Process; and the Municipal Natural Assets Initiative. EAP and MNAI represent two points along a ‘green infrastructure continuum’. They are recent evolutions in an ongoing process in BC which dates back three decades. EAP and MNAI share the philosophy that communities can do a much better job of understanding, using and protecting the ecological services available to them in the local landscape,” stated Kim Stephens.

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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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    NATURAL ASSETS AS ECOLOGICAL SYSTEMS & SERVICES: “EAP demonstration applications have yielded three defining conclusions. These go to the heart of how practitioners look at the world around us,” says Tim Pringle, Chair, Ecological Accounting Process Initiative


    EAP is the culmination of a 30-year journey by Tim Pringle. He has thought about and worked hard to develop and evolve a guiding philosophy, pragmatic strategy and meaningful metrics for valuing the services provided by nature. “Residents and property owners are familiar with constructed commons services – roads, potable water, storm sewers and many other ongoing services. They expect these services to endure. Similarly, communities expect the ecological services provided by the natural commons to be enduring,” stated Tim Pringle.

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    GUIDANCE DOCUMENT: “Primer on Integrating Natural Assets into Asset Management” builds on foundations established by two initiatives – EAP, Ecological Accounting Process; and MNAI, Municipal Natural Assets Initiative (released by Asset Management BC, September 2019)


    “Asset management is a process for sustainable service delivery. The BC Framework is designed as a wheel as there is a beginning but no end to the process. The role of natural assets in our communities is not well understood. As the Primer shows, significant work has been done on the integration of natural assets into the overall asset management program,” states Wally Wells. The Primer builds on the foundations established by EAP, the Ecological Accounting Process, and the Municipal Natural Assets Initiative.

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