TD Economics Special Report
SOURCE:TD Bank Group
DESCRIPTION:
In this special environment report, TD Economics examines the economic value of the environmental and social benefits provided by Toronto's 10 million trees.
Highlights:
- Urban forests are made up of the trees, shrubs and other flora and fauna that line the streets, parks and ravines of our cities.
- Urban forests do more than beautify the scenery. They represent an important investment in environmental condition, human health and the overall quality of life.
- The trees in the City of Toronto’s urban forest are worth an estimated $7 billion, or about $700 per-tree.
- Toronto’s urban forest provides residents with over $80 million, or about $8 per-tree, worth of environmental benefits and cost savings each year. For the average single family household, this works out to $125 of savings per annum.
- For every dollar spent on annual maintenance, Toronto’s urban forest returns anywhere from $1.35 – $3.20 worth of benefits and cost savings each year.
- Maintaining the health of our urban forests is the best way to protect the value of our green investment.
To read the full report, visit: http://bit.ly/Sry9sl
KEYWORDS: Environment and Climate Change, Finance & Socially Responsible Investment, TD Econonmics, environment, TD, urban forests, Trees, Toronto
