Tennessee’s urban forests, currently valued at about $80 billion, also provide almost $650 million in benefits such as carbon storage, pollution removal, and energy reduction according to a new U.S. Forest Service report.
The authors of Urban Forests of Tennessee, 2009 (published in early 2012) found there are 284 million trees in urban areas in the state, with canopies covering 33.7 percent of 1.6 million acres of urban area. Those urban forests provide an estimated $204 million per year in pollution removal and $66 million per year in energy savings. The study is the first of its kind in Tennessee.
This first-of-its-kind framework enables companies to consider the actual benefits and value of the ecosystem services they depend upon and impact, giving them new information and insights to include in business planning and financial analysis. This will support improved business decision-making by creating more alignment between the financial, ecological and societal objectives of companies.