Valuing the Benefits of Green Infrastructure
Principles and Methods
The benefits of green infrastructure (like urban trees, rain gardens, and green roofs) are well known, but difficult to value. This difficulty creates an obstacle, where green infrastructure is often not considered when making important investment and asset management decisions. The goal of this course is to help individuals, especially those in the public sector, to value the benefits provided by green infrastructure in their communities.
- Understand the range of cost & benefits possible using different types of green infrastructure
- Learn the principles behind economic valuation of these costs & benefits
- Understand the methods used to monetarily value the benefits of green infrastructure
- Learn how to apply these methods to generate values for the benefits of planned and existing green infrastructure in your community
Scope of Course
This course is not about valuing green infrastructure as assets; rather, it deals with valuing the benefits they provide. These benefits can be incorporated into asset valuation and management frameworks. The focus is on site and neighbourhood-level stormwater management technologies that use living systems (e.g. trees, bioswales, green roofs), not on large natural areas. This course presents different approaches and options – there is no one right way to engage in valuing the benefits of green infrastructure.
With a background in Urban Planning and Landscape Design, Rohan Lilauwala has spent the past five years working on breaking down barriers to the widespread use of living green infrastructure across North America. Rohan has developed and delivered training programs, tools, resources, and analyses, focusing largely on green infrastructure costs and benefits. He is also the driving force behind the Living Architecture Performance Tool, a rating system for green roofs and walls, akin to LEED.