The City of Melbourne will partner with philanthropists, property developers, community groups and other Government organisations on greening projects.
"The initiatives could include planting trees, creating parks, green walls, roofs and facades and stormwater projects. We will match successful projects dollar for dollar to leave a green legacy for our city," the Lord Mayor said.
"As well as protecting us from extreme heat, our trees and parks are a major contributor to Melbourne's liveability. The City of Melbourne is increasing public green space and planting 3000 trees a year. This initiative, to stimulate greening of private property which represents 73 per cent of land in our municipality, is the next frontier."
"Green infrastructure is fundamental to help cities respond to the challenges of climate change, urban heat, flooding and population growth."
The Lord Mayor launched the Urban Forest Fund today on the top of the new Victorian Comprehensive Cancer Centre, the home of Peter MacCallum Cancer Centre, which features one the largest rooftop gardens in Australia at 1400-square-metres.
The Urban Forest Fund has $1.2 million in seed funding, which the City of Melbourne aims to grow to $10 million through contributions from organisations and individuals who want to create a greener city.
For every dollar that a private investor pays into the fund, the City of Melbourne will provide an additional dollar towards a greening project.
The City of Melbourne has created what we think is a world first online tool which maps all the rooftops in our municipality to see if they have the potential to be turned into solar, cool or green roofs.
Chair of the City of Melbourne's Environment Portfolio Cr Cathy Oke said Expressions of Interest are being sought from property owners and developers for potential green projects, such as green roofs.
"Our aim is to support new greening projects that otherwise would not be funded," Cr Oke said.
"The City of Melbourne owns and controls only one fifth of the city's land area, so we're looking for proposals to create new green space on private property. This project could lead to the creation of new spaces that can capture stormwater to reduce flooding, reduce summertime temperatures in the city and create habitat for plants and animals."
If $1 million was matched with a private donation a $2 million greening outcome could be achieved, which could create:
- 6000m2 of green roofs. That's the equivalent area of 10 tennis courts
- 4600m2 of green facades. That's the equivalent area of 7.75 tennis courts
- 900m2 of green walls. That's the equivalent area of 1.5 tennis courts
- 4000 street trees. 1000 more trees than the City of Melbourne plants annually.
The Chief Executive Officer of the Nursery & Garden Industry Victoria, Craig Taberner said greening on private land would help create a healthier and cooler city.
"The establishment of an Urban Forest Fund by the City of Melbourne is an exciting and progressive step towards securing a green and climate ready future for Melbourne. Access to collaborative funding should energise and empower individuals and communities to take action, and share the responsibility of creating and maintaining the city's green spaces," Mr Taberner said.
Making private donations for public or private city greening is not new. In 2013 Mirvac donated $200,000 to develop a five year temporary park in Yarra's Edge, Docklands. The University of Melbourne has also donated $2 million to assist the City of Melbourne in an expansion of University Square in Parkville.
Facts about the City of Melbourne's urban forest
- We manage more than 77,000 trees in the public realm with an estimated value of $770 million.
- We estimate that there are currently 20,000 trees in the private realm.
- In 2009, 40 per cent of the municipality's significant trees were declining or dying due to the drought and water restrictions.
- In Melbourne, we have put in place a target to double the public realm urban canopy cover from 22 per cent to 40 per cent by 2040. We plant 3000 new trees per year at a cost of $1.5 million.
About green roofs
- In 2015 there were 38 green roofs and 40 rooftop gardens in the municipality.
- Currently rooftops in central Melbourne make up 880 hectares of space – more than five times the size of Melbourne's largest park, Royal Park.
- Most of these rooftops are used only to store heating and cooling equipment. We could set them up to generate clean energy, decrease energy usage, increase property values, cool temperatures within the city and capture and clean stormwater.
For more information visit Urban Forest Fund.