Trees Economic Benefits to Society

Trees are not just important for appearance and environmental purposes. Besides the well-known benefits of trees such as cleaning the air and providing shade, they also provide economic benefits to society.

Trees increase property values

Trees not only provide aesthetic value to homes, but they can also increase the property value. A study by Washington State University found that the presence of trees on a property increased the price of a house by about $5,000.

This is because trees are proven to have economic benefits for communities. They reduce air pollution and clean water runoff, which improves quality of life for people living in proximity to them. Additionally, they provide shelter for wildlife and help with stormwater control. People are also more attracted to live in green, leafy suburbs which is why property prices are often higher in these areas. 

Trees reduce energy costs

Trees reduce energy consumption by providing shade and cooling the environment which lowers housing and office temperatures. The biggest benefit trees provide is the reduction of energy cost. The branches of trees block the sunlight from hitting our homes and this reduces our need for air conditioning. This can save a home up to $100 a month in energy costs!

They may also work as a buffer against storms that can cause power outages. Trees mitigate flooding by absorbing rainwater that would otherwise fall on impermeable surfaces such as rooftops or sidewalks. By doing this, they can reduce the costs of extreme weather events to the community.

 A tree is also one of the most cost-effective, energy efficient and sustainable choices for home heating. The average U.S. household spends $1,200 each winter on heating costs and a tree can provide at least 75% of that heat for free!

Trees prolong infrastructures

Trees provide economic benefits to communities and society as a whole. They help cities by acting as a natural infrastructure for the urban space, absorbing air pollution and providing shade.

Trees also help prolong infrastructure such as road surfaces; they reduce the need for road resurfacing because they absorb excess heat from the sun during summer and release heat in winter which significantly prolongs the life of these built environments.

Trees provide job opportunities

Trees can provide many opportunities for employment, such as logging, arboriculture, firefighting, and forestry. Tree care services like tree trimming and planting trees for new development projects are also in demand. Not only do trees provide jobs for these professions, but they also lead to tree-related business opportunities like consulting or insurance.

Furthermore, the need for arborists is constant because trees are always growing or getting damaged in some way. A tree should be inspected by a professional at least every few years, sometimes annually, to make sure it is healthy and structurally sound. There are also opportunities in forestry, forestry management, and wood science engineering. And last but not least is urban forestry which has seen a growth in recent years partly due to the increase in green spaces for people to enjoy.

Trees lower health costs

Trees lower health costs by reducing pollutants, improving air quality, generating cleaner water, and providing shade. Trees are also a source of beauty that can improve mental health.

Parks are correlated with lower rates of heart disease, cancer, and other chronic diseases. Research has shown that people who live near green spaces have lower rates of depression and anxiety.

Patients in hospital rooms with trees recover twice as fast and spend 3.5 fewer days in the hospital. Trees also reduce medical costs by absorbing particulates from the air, reducing asthma rates, lowering blood pressure, and preventing adverse effects of pollution such as respiratory problems.

Trees boost businesses

Trees are not just good for the environment; they are also good for business. Not only are they an aesthetic addition to any space, they also provide various benefits to communities and contribute to a strong economy. Trees are proven to increase productivity, creativity, better air quality and energy efficiency.

Besides that, trees increase property values, which leads to higher tax revenues. They can also boost tourism by creating healthier environments where people want to spend their time.

This is why many businesses are planting trees on their premises or in local parks so they can reap the benefits of healthy employees and happy customers.

Trees provide a number of economic and ecological benefits. We can help to keep trees healthy by providing proper care and maintenance, as well as conducting tree removal when needed.Need help with your trees? Contact Canopy Consulting for a tree consultation at 0432-633-402 or visit www.canopyconsulting.com.au.

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Canopy Consulting
Macquarie Park NSW 2113
1300 122 667
(1300 1CANOPY)
info@canopyconsulting.com.au

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