Natural Capital Assets in Asset Management Planning
Natural Assets are the world’s stock of land, air and water. This includes forests, wetlands, minerals and other renewable and non-renewable resources. Natural Capital Assets are those natural assets that provide economic value, sometimes referred to as ecosystem services.
Trees clean our air and forests and wetlands filter our water. Green urban spaces absorb carbon, cool our cities and protect us from storms, and nature's water ecosystems stabilize the climate, prevent flooding and control the quality of water. www.davidsuzuki.org
Integration of natural assets into asset management planning is an important consideration for our municipalities.
Natural Capital Assets Resources:
Smart Prosperity Institute: Defining and Scoping Municipal Natural Assets
AIM Network Pilot Project: Integration of Natural Capital Assets in AM Planning
AIM Network 2016 Conference: Municipal Natural Assets Initiatives