Abstract
The current article provides an overview of the benefits provided by urban green infrastructure (GI), as well as the application of the concept of total economic value and the relevance of the United Nations Sustainable Development Goals. Afterward, environmental valuation methods that can be used to calculate the benefits in monetary units are presented, highlighting the potential problems or biases. The relevance of cost-based, revealed, and stated preference methods are discussed. It is concluded that several case studies are available, however, the abundance of services provided and differences in measuring the GI services in natural units make monetary valuation ambiguous or challenging. Still, the growing number of people living in urban neighbourhoods makes it more and more expected to measure and valuate the benefits.
Highlights
The development and maintenance of city parks and other elements of urban green infrastructure (GI) can be very high and represent some measurable spending by the local municipalities
While GI is considered as a major tool to help urban resilience, during the planning of future GI elements, changing climatic conditions should be taken into consideration
The services provided by urban green infrastructure are significant and forecast to be increased shortly on the global level
Summary
Abstract – The current article provides an overview of the benefits provided by urban green infrastructure (GI), as well as the application of the concept of total economic value and the relevance of the United Nations Sustainable Development Goals. Environmental valuation methods that can be used to calculate the benefits in monetary units are presented, highlighting the potential problems or biases. The relevance of cost-based, revealed, and stated preference methods are discussed. It is concluded that several case studies are available, the abundance of services provided and differences in measuring the GI services in natural units make monetary valuation ambiguous or challenging. The growing number of people living in urban neighbourhoods makes it more and more expected to measure and valuate the benefits. Keywords – urban green infrastructure, total economic value, SDGs, revealed and stated preference methods
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