Realising the ecosystem-service value of native woodland in Ireland

New Zealand Journal of Forestry Science

Table 2 Approximate economic value of benefits from native woodland in Ireland - current and projected (€ millions per annum)

Area/type of estimate	Ecosystem benefit (€ millions per annum)
	Amenity	Tourism	Health	Water/ flood	Carbon	Wood products	Fuel wood	TOTAL
Existing woodland
Best estimate	35	24	2-3	<1	2-8	1.4	2-4	67-76^d
Possible additional future area
25%	65	40	4	3	45	25	12	194
50%	120	50	6	6	90	50	24	346
100%	150^a	60	7	10	178 ^b	100 ^c	46	551

a based on total forest amenity value of €236 m, or a net €48 m addition after displacement from conifer plantations.
b representing an average of values while increased area is in growing phase and excluding carbon storage value.
c minimum roadside value after approximately 100 years, assuming that half the area is un-harvested or contains lower value species.
d figure excludes direct value for diodiversity and applies a lower range estimate for tourism compared with report produced for Woodlands of Ireland.