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How much is a tree actually worth?

By | March 13, 2013, 3:00 AM PDT

We all know that trees are beneficial to a neighborhood - they are pretty, they are good for the environment - but how much is a tree actually worth?

David Nowak, head of the U.S. Forest Service’s (USFS) Northeastern research unit, hopes to provide an answer. He has spent the last couple of decades analyzing trees in several U.S. cities and is trying to standardize their valuation.

The USFS has developed a platform, called i-Tree, that uses data from sampled areas, maps the trees across a city, calculates a city’s “leaf surface area,” and derives the economic value of trees, factoring in everything from carbon stored, to ozone, nitrogen, and particulates removed, health impact, effect on building heating/cooling costs, and hydrology.

i-Tree, which is free to use and has a mobile version (for remote data logging), also uses localized weather and pollution data in determining the trees’ value based on official sources. As an example, New York has approximately 876,000 trees, which cover 23.1% of the city. The trees provide $11.2 million in annual energy savings, have a carbon sequestration value of $386,000, and a pollution removal value of 836,000.

Nowak’s goal in creating the i-Tree platform is twofold: firstly, it allows cities to place trees in budgets along with other quantifiable items. And secondly, “it lets us understand what’s out there, and understand its importance,” he said. “We see trees all the time, we just haven’t quantified them.”

via [Co.Exist]

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Channtal Fleischfresser

About Channtal Fleischfresser

Channtal Fleischfresser is a contributing editor for SmartPlanet.

Channtal Fleischfresser

Channtal Fleischfresser

Contributing Editor

Channtal Fleischfresser has worked for The Economist, WNET/Channel 13, Al Jazeera English, Wall Street Journal and Associated Press. She holds degrees from the University of Pennsylvania and the Columbia University Graduate School of Journalism. She is based in New York.

Follow her on Twitter.

Channtal Fleischfresser

Channtal Fleischfresser

Channtal does not have financial holdings that would influence how or what she covers.

She writes for SmartPlanet and is not an employee of CBS.

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High tech trees
This is certainly high tech timber at its best! - explained in more detail on the Co.Exist website page. Certainly an eye opener and I would imagine that most cities have quite a small percentage of tree coverage, which shouldn't come as any great surprise.
http://www.mjgillingham.co.uk
Posted by timbersupply
Updated - 14th Mar
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