Overton Park | Memphis, Tennessee | Image Credit: Flickr User: duluoz-cats
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.
Continue reading Tennessee’s Urban Forests Valued in the Billions
World Business Council for Sustainable Development has recently published a guide to help businesses how to value ecosystems and natural resources. The Guide to Corporate Ecosystem Valuation (CEV), an innovative framework designed to enhance business understanding of the benefits and value of ecosystem services like fresh water, food, fiber and natural hazard protection.
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.
Source: World Business Council for Sustainable Development and the Guardian