Building Business Case for Municipal Natural Assets: Tools to Improve Climate Resilience and Community Well-being

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When:
June 29, 2021 @ 12:00 pm – 1:30 pm America/Toronto Timezone
2021-06-29T12:00:00-04:00
2021-06-29T13:30:00-04:00
Where:
Online
Cost:
Free
Contact:
Amanda Slaght

Climate change poses potential risks to our economy, environment, and community well-being. Natural assets – street trees, wetlands, forests, grasslands, and other green space – are critical in helping communities mitigate and adapt to climate change impacts and provide important services, such as flood mitigation and urban heat island reduction. While provincial and federal regulations encourage investment in green infrastructure and natural assets, guidelines, tools, and resources are lacking for municipalities to evaluate cost-benefit scenarios and build the business case for investing in natural assets.

CVC will present a suite of financial and asset management planning tools to support municipalities and conservation authorities in addressing these technical gaps. In particular:

  1. Business Case for Natural Assets (BC4NA) builds evidence and develops guidance for effectively inventorying, measuring, and managing the contribution of natural assets to municipal service delivery, and
  2. Risk and Return on Investment Tool (RROIT) quantifies financial return on investment by reducing flood and erosion risks with green and natural infrastructure solutions

Tools like BC4NA and RROIT can help conservation authorities and their municipal partners to:

  • develop a comprehensive infrastructure strategy to increase flood resiliency and reduce climate risks and vulnerabilities,
  • optimize infrastructure and natural asset management decisions to ensure continuing provision of services under climate change,
  • incorporate triple-bottom-line considerations in community planning by looking at the economic, social, and environmental benefits and costs of natural assets,
  • inform on-the-ground implementation of natural asset conservation and restoration projects,
  • enable conservation authorities and municipalities to seek government funding for natural asset/ infrastructure projects, and
  • consider social, health, infrastructure, and environmental vulnerabilities to support collective action and emergency preparedness plans.

Learning objectives

  1. Learn about how tools like BC4NA and RROIT can help conservation authorities and municipalities to achieve their asset management, climate and flood resiliency, and natural asset restoration goals
  2. Learn about the case study applications of these tools in Ontario and the preliminary results and how municipalities are using these findings
  3. Increase public awareness of natural assets and ecosystem services they provide and the need to protect and enhance Greenbelt’s natural systems

Instructors

  • Tatiana Koveshnikova,
  • Christine Zimmer
  • Amna Tariq
  • Lauren Moretto

Register

Additional Information

STEP is committed to creating an accessible experience for all participants. This webinar will be hosted over Microsoft Teams, which allows participants to enable live captions during the event. If you require assistance with this feature or a different accommodation, please email STEP@trca.ca at least 7 days prior to the event.

Please note that audio and video will be recorded during this webinar. If you do not consent to being recorded, please contact us at STEP@trca.ca to discuss your concerns, or do not join the session.

Space is limited. Registration closes on June 28th at 12:00 pm. For additional information, please contact us at STEP@trca.ca.