A Windfall From Trees
Trees are on the job 24 hours a day, 365 day a year. Just how much is their unceasing effort worth? The American Forestry Association did a study over 10 years ago and concluded that a single urban tree with a 50 year life span yields about $273 in environmental and economic benefits each year:
- Air conditioning: $73 savings
- Stemming erosion and storm water runoff: $75
- Providing wildlife shelter: $75
- Controlling air pollution: $50
Compounding $273 for 50 years at 5% yields $57,151 in economic and environmental benefits per urban tree.