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.