Valuing ecosystem services helps municipalities recognize the real benefits that natural systems provide, benefits that often go unnoticed because they are not traditionally captured in financial or asset management planning. When municipalities quantify these services, they can communicate the value of natural assets, support decision-making, justify investments, and reduce costs.
In this webinar, Megan Price from City of Toronto and Tracy Timmins from TRCA spoke about a study to Value Ecosystem Services in Toronto’s Parks, Golf Courses, and Open Green Spaces, including its development and findings, and municipal challenges and opportunities of using the results.
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