YOUTUBE VIDEO: “The worth of a creekshed is a package of ecological services made possible by the hydrology,” stated Tim Pringle, Chair, Ecological Accounting Process (EAP), when he shared what has been learned from two Vancouver Island demonstration applications
“By providing a value for the land underlying the stream and riparian zone, stakeholders have a much more realistic idea of the worth of the ecological services supplied by environmental assets,” stated Tim Pringle. “This form of financial information can be used for asset management strategies related to ‘Asset Management for Sustainable Service Delivery: A BC Framework’. This guidance document sets a strategic direction that refocuses local government business processes on outcomes that reduce life-cycle costs and risks.”