Local Governments Recognize the Importance of Natural Asset Management
Toronto, May 16, 2024 (GLOBE NEWSWIRE) -- To support local governments in implementing natural asset management, the Natural Assets Initiative (NAI) has released "Nature is Infrastructure: How to Integrate Natural Assets in Asset Management Plans" a progressive guide which outlines comprehensive best practices so that municipalities can effectively manage natural assets as nature-based solutions can complement traditional “grey” engineered infrastructure and provide significant cost benefits while reducing growing risks to communities.
- Toronto, May 16, 2024 (GLOBE NEWSWIRE) -- To support local governments in implementing natural asset management, the Natural Assets Initiative (NAI) has released "Nature is Infrastructure: How to Integrate Natural Assets in Asset Management Plans" a progressive guide which outlines comprehensive best practices so that municipalities can effectively manage natural assets as nature-based solutions can complement traditional “grey” engineered infrastructure and provide significant cost benefits while reducing growing risks to communities.
- It provides direction and insight for local governments developing natural asset management plans.
- “The Greenbelt’s natural systems support ecological and human health and safeguard the vital resources that clean our air and water, reduce our flood risks, provide a home for wildlife, and ensure that our communities have greenspace to explore.”
By integrating natural asset management into their asset management frameworks, local governments can ensure the proactive and sustainable management of their natural assets. - As natural asset management continues to evolve, this guidance document serves as a valuable resource for local governments across Canada, especially in Ontario.