One expert says smaller communities in Canada are “often struggling to put a good value on their trees,” Along a street in Edmonton, trees sit protected behind by a green fence, near a construction site. Signs on the fence show each tree has a specific dollar amount associated with it.
A rosy bloom crabapple tree is worth $1,389 while a close by spice was marked at $2,185. The price tags are a growing practice in Canada, where an assessment formula is used to determine the monetary value of the tree. This is so that if a tree is damaged or killed by the construction crew or anothone else, they can be charged a specific amount.
However, some forestry and biology experts say those dollar amounts don’t fully capture the environmental value of trees. This is especially important for urban landscapes as they play a role in mitigating climate change. Trees have cooling effects, the potential of energy savings, and their ability to capture carbon.
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