Scioto Analysis released a cost-benefit analysis on urban canopy coverage goals this morning. Analysts on the project estimate that tree planting will cost Ohio communities $10.29 per tree, while economic present benefits from carbon sequestration, stormwater runoff prevented, air pollution reduced, energy saved, and crime reduced range from about $10-21 per tree depending on the city.
“We found that major cities across the state would experience health, environmental, and crime reduction benefits outweighing the planting and pruning costs of tree canopy programs,” said analyst Madeleine Murphy.
Beyond the economic benefits, analysts found expanding canopy cover by 10% could prevent hundreds of crimes depending on the city, increase home value, and cause a variety of physical and mental health benefits.
“We all know people like to see trees in their neighborhood, but with this study, we have economic evidence of the broader benefits accrued to society because of tree planting programs,” said Scioto Analysis Principal Rob Moore.
This is the latest in a series of demonstration cost-benefit analyses conducted by Scioto Analysis. Past cost-benefit analyses have been conducted on state volunteer programs, school closures for COVID-19, and the state Earned Income Tax Credit.