DEMONSTRATION APPLICATION OF ECOLOGICAL ACCOUNTING PROCESS: Bertrand Creek in the Township of Langley, completed in 2022
“The Langley Ecological Services Initiative is about compensating rural parcel owners who are willing to set aside areas of their land to protect and/or enhance riparian and woodland assets. The Township posed the question: Is ‘payment for ecological services’ part of an Asset Management Strategy? The Township turned to EAP for a method to find the financial value as well as the worth of these streamside assets. This provides the Township and the community with a defensible asset management approach that is about the asset that will be tied up for the ecological purposes,” stated Melisa Gunn.