202020 Vision Tree Tags
May 11, 2014
Have you noticed trees with price tags in Carlton Gardens or on Swanston Street? As part of the Urban Forest Strategy(External link) we continually work to highlight the value of trees in the urban environment. To this end we are partnering with the Nursery and Garden Industry Australia’s 202020 Vision(External link) to demonstrate the environmental benefits of trees using temporary tree tags.
The values on the tree tags were calculated using a program called iTree that applies monetary values to annual ecosystem services provided by trees. The iTree program provides values for annual carbon sequestration, pollution removal and avoided runoff based on tree measurements.
Trees provide many more ecosystem services than can be calculated at present and City of Melbourne is undertaking research projects to understand how the value of trees and other green infrastructure can be more completely valued.