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The valuation of green infrastructure and landscape improvements is s contentious issue but without doing so makes it difficult to justify the capital costs of such assets, especially in the developmental; economies of the South.
A study has proposed a method to place monetary value on green infrastructure at both a project and regional scale, which illustrates the value of investing in green infrastructure to the public and other stakeholders. Source: Vandermeulen, V., Verspecht, A., Vermeire, B. et al. (2011) The use of economic valuation to create public support for green infrastructure investments in urban areas. Landscape and Urban Planning. 103:198-206.
With increasing urbanisation and its subsequent negative effects on the environment, the need for green spaces is becoming increasingly recognised. Although it is difficult to define ‘Green infrastructure’, a network of open spaces, parks, waterways, trees and woodland that protect and enhance nature, and provide health and economic benefits, presents a possible solution to this problem. Decision makers need to know that investment in it will provide an economic return at both a regional and a community scale.
Using results from the EU VALUE…
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