Study on the Value Model of Urban Green Infrastructure Development—A Case Study of the Central District of Taichung City

Kuo-Wei Hsu and Jen-Chih Chao
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Kuo-Wei Hsu: Department of Landscape and Urban Design, Chaoyang University of Technology, Taichung City 413, Taiwan
Jen-Chih Chao: Department of Landscape and Urban Design, Chaoyang University of Technology, Taichung City 413, Taiwan

Sustainability, 2021, vol. 13, issue 13, 1-12

Abstract: Urban green infrastructure has become an important concept for sustainable urban development. Regarding the joining up of green spaces into green networks, it can have major positive impacts on the environment, societies and economies, and ecology. This study proposes a value model for investing in urban green infrastructure, with impact factors including land use value, energy conservation value, carbon reduction, and disaster prevention value. It establishes that through the interaction between all four of these factors, urban green infrastructure investment increases net operating income. Additionally, as disaster prevention value increases, urban disaster risk declines, and this has an important positive effect on overall value. Our modeling also indicates that in the face of climatic extremes, the construction of urban green infrastructure is increasingly important, particularly in terms of energy value and disaster prevention value. Specific incentives and catalysts for promoting investment in urban green infrastructure are proposed.

Keywords: energy saving; carbon reduction; urban green infrastructure; urban disaster prevention; value at risk (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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