Photo: Good things happen when nature is part of the equation

Gibsons, B.C. looks out over Howe Sound. (Credit: Bob Cotter via Flickr )

By Michelle Molnar, Environmental Economist

The small town of Gibsons, B.C., has a big distinction. Last summer it became the first municipality in North America, and possibly in the world, to consider nature as an asset and give natural assets the same consideration as traditional capital assets. The town of Gibsons has committed to operate, maintain and replace its natural assets, such as wetlands and forests, just as it does traditional capital assets, such as roads and sidewalks. Nature, for the first time, is its own distinct asset class central to the town's municipal asset management policy.

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With municipalities receiving just eight cents of every tax dollar to build and maintain almost half of the country's core infrastructure, it's not surprising that Canadian cities are looking for innovative, cost-saving approaches to manage it. As aging infrastructure eats up more and more of municipal budgets in maintenance, repair and replacement costs, this becomes urgent.

Cities depend on good infrastructure. Roads, pipes, sewers, libraries and buses operate so seamlessly that their importance often goes unnoticed — until they fail. It's only then that we recognize how dependent we are on them.

Like our built infrastructure, nature also is crucial to the livability of our communities. In addition to a range of other benefits, forested watersheds provide people with clean drinking water, wetlands protect us from floods and process our waste and vegetated banks protect our home properties from erosion.

By incorporating both kinds of infrastructure, Gibsons is not only managing risk but is also saving costs and adding flexibility to its management approach.

The David Suzuki Foundation, with a team of B.C. Institute of Technology students, is developing the business case for the town's creeks and woodlands as part of Gibsons' Eco-Asset Strategy. We are building a model to estimate the replacement, maintenance and monitoring costs of ecosystem services that mimic built infrastructure. The model is designed so that other municipalities, regardless of their size, can copy this approach.

Growing cities put a lot of pressure on the remaining but rapidly disappearing areas of nature. Including these natural assets within infrastructure programs may be the best way to make sure they'll still be here for future generations to enjoy.

Gibsons is keen to share its experience with other municipalities. To learn more about the Eco-Asset Strategy visit www.gibsons.ca/eco-assets.

March 3, 2015
http://www.davidsuzuki.org/blogs/panther-lounge/2015/03/good-things-happen-when-nature-is-part-of-the-equation/

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2 Comments

Aug 28, 2015
12:23 AM

Are you aware that Gibsons just black topped their sea walk, that’s in front of Winegarden Park . That is where , they are considering GIVING the shoreline and ocean lease, plus the western edge of the Park,PLUS Wynn Rd. from Gower Pt. Rd. To the Ocean,to some egomaniac who wants to build a 10 story Hotel on the waterfront in Gibsons. So much for managing your natural assets.

May 07, 2015
11:25 PM

Sorry folks but the photo is not Gibsons. It is a photo of the Sunshine Coast Regional District Rural Area F. Slightly insulting to the Town of Gibsons and Area F since this Area voted not to become part of the Town. Specifically, the hill is called Soames, most of it is a park. The houses are in an unincorporated area known as Hopkins Landing. Yes, it is pretty. So is the actual Town of Gibsons. Check out their web site! An apology or retraction of the photo would be nice IMHO.

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