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SOCIO-ECONOMIC IMPACTS OF GREENERY AREAS IN URBAN DEVELOPMENT
Abstract
One of the major themes of sustainable urban development is adaptation to climate change through the protection, maintenance of existing and creation of new green spaces. In the design areas of the municipal master plan, green spaces are designated for specific ecosystem services, which can be divided into 4 basic categories of regulating, cultural, productive, and supporting services related to biodiversity. Thus, green spaces affect human well-being and can serve as a benchmark to assess the quality of human life. Therefore, it can be concluded that the functioning of green space ecosystem services generates socio-economic impacts, benefits, and harms, for the actors in its surroundings. In their article, the authors focus on describing the specific socio-economic impacts generated by different elements of urban green spaces, quantifying their effects in units of measurement, and outlining possible ways of valuing them. The aim of the research in the longer term is to incorporate monetized benefits and impacts of green spaces into the assessment of the economic efficiency of design areas.
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