Abstract:
Urban forest is a form of environmentally oriented development. One form
of urban forest in South Kalimantan is the Indonesia’s Tropical Rain Forest Park
(TH2TI). This study aims to calculate the total economic value and future value of
TH2TI. The total economic value calculated in this study consists of direct use value
(recreation, wood, carbon and oxygen), indirect use value (water absorption), and
option value (existence and heritage). The method used in this research was
quantitative research method to calculate the value of wood, carbon, oxygen, and
water absorption and qualitative research method to calculate the value of
recreation, existence, and heritage. Results indicated that the economic value of
recreation was the highest amounted to IDR 1,568,514,750.00 and the total
economic value of TH2TI amounted to IDR 3,085,373,964.75. In the next 5 years, the
economic value of TH2TI could reach IDR 3,664,456,405.74. The knowledge of the
economic values of TH2TI is expected to make people aware to the importance of
the environment for life
