REPORT ON: “Application of EAP, the Ecological Accounting Process, to Shelly Creek for Financial Valuation of Ecological Services and Worth” (Partnership for Water Sustainability in BC; released April 2020)
“We arrived at an important insight about ecological assets; that is, an ecological commons is a land use. Regulations define stream functions and setback requirements. Whether it is a pond, wetland or riparian zone, it can be measured. The assessed values of adjacent parcels can be used to provide a value for the natural commons. The inference is that the area of the natural commons would be zoned residential or whatever if the stream was not there,” stated Tim Pringle.