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The importance of urban green spaces, and especially urban forests, is increasing worldwide because of the expansion of urban land fueled by urbanization. At the
The importance of urban green spaces, and especially urban forests, is increasing worldwide because of the expansion of urban land fueled by urbanization. At the same time, there is growing evidence of links between urban green spaces, health, and social safety. There has also been a keen interest for urban trees, which may be explained by their many potential benefits. These benefits include providing habitat to various species (insects, birds, small rodents); controlling erosion and limiting water runoff; improving air quality by intercepting particulate matter, ozone, and nitrogen dioxide; removing carbon dioxide from the atmosphere; providing shading, which decreases energy use and mitigates the urban heat island effect; and beautifying neighborhoods as well as enhancing some people's sense of spiritual well-being. You have been appointed as a consultant to value the green spaces at that area. Hence, what is the suitable economic valuation method that you should adopt? Explain your
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