This article was originally published on Citygreen.
“All city councils have an asset register detailing the value of assets like roads, parks, street furniture, and so on. Increasingly – and rightly so – trees are being included as quantifiable assets. In the past, it has been hard to quantify the value of trees, but today there are a number of methodologies for doing so. One such method, the Burnley Method – developed by Dr Greg Moore at the Victorian College of Agriculture and Horticulture Limited, Burnley Campus – is now being widely used and accepted. Available for download here http://croydonconservation.org.au/wp-content/uploads/Burnley-method-Tree-value-pdf..pdf
The City of Melbourne are pioneers in valuing their trees and looking after them accordingly. By putting a value on trees, councils are able to protect them in new and quantifiable ways. For example, if a developer is building near a valuable tree, the council may require them to pay a bond – refunded provided the tree is unharmed post construction. If a developer destroys or removes a tree without permission, the council is able to sue that developer for the value of the tree per their register. All of this is effective and much-needed motivation to keep our valuable urban trees safe…”
Read on at: Citygreen.