2022 STEP Webinar: Part II: Level of Service, Valuation and Life-cycle Costing for Natural Assets: approaches and examples from CVC-led projects
Abstract: Natural assets provide a variety of ecosystem services, but how can one measure and value the level of service provided by these assets? This critical step builds the capacity of municipalities to effectively manage their natural assets to maintain the services they provide.
This webinar builds on the previous webinar and the municipal case studies in the Credit River Watershed: once we have created a natural asset inventory and assessed asset condition, we can begin to assess level of service provided by natural assets, the monetary value of these services, and the costs of maintaining a sustainable level of service.
In this webinar we will:
- Discuss how to measure the level of service of natural assets and to predict changes to level of service under various risk and climate scenarios
- Explore valuation methodology services provided by natural assets
- Review life cycle costs for natural asset management and restoration.