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.