The economic value of New York trees

#economy #New York #value of trees

New York City, the largest city in the United States and one of the world’s major global cities, maintains trees as an integral component of the urban infrastructure (Figure 1). Since 1995, over 120,000 trees have been planted along the streets of the city’s five boroughs.

In 2007, the Center for Urban Forest Research conducted a research that demonstrates new ways in which trees add value to communities, converting results into financial terms to assist communities in stimulating more investment in trees.

This Center for Urban Forest Research has calculated that New York trees are providing $5.60 in benefits for every $1 spent on tree planting and care. Read more about the outcomes of this study.