Sankt Kjelds
Plads

& Bryggervangen, Copenhagen.
Climate Adaptation Public Space

Completion
2019
Validated 2026
Design
SLA
Architects
Investment
48.45M
DKK Capital Cost
Assessment
Phase 1
Desk Audit
Visualization of Skt. Kjelds Plads
Visualization of Skt. Kjelds Plads. Design by SLA. Source: Klimakvarter.dk

Forecast vs. Reality

DKK 48.45M investment — what a 2019 analyst would have predicted, and what seven years of validated data confirmed.

2019 Best-Case Prediction
~6.1 yrs
Predicted Payback Period
Stormwater cost avoided 87,391 DKK
Carbon sequestration ~303 DKK
Municipal tax uplift ~8,700,000 DKK
Avoided heat-health costs — not modelled
Maintenance cost −903,000 DKK
Net annual value ≈ 7.88M DKK
2026 Validated Outcome
~3.2 yrs
Actual Payback Period
Stormwater cost avoided 172,486 DKK +97%
Carbon sequestration ~2,655 DKK +776%
Municipal tax uplift 14,500,000 DKK SLA validated
Avoided heat-health costs new stream 1,430,000 DKK
Maintenance cost −903,000 DKK
Net annual value ≈ 15.20M DKK
47% faster than forecast
The payback arrived nearly twice as fast as a 2019 best-case estimate would have suggested — driven by three things the model couldn't fully anticipate: infiltration performance exceeding specification (50% vs 30%), property market growth far above Danmarks Nationalbank forecasts, and the ETS carbon price nearly tripling. What held up perfectly in 2019 were the biological predictions — the UHI cooling was accurate to 0.1°C, and tree sequestration was within 3.4% of the IPCC projection. The methodology was sound; the market and the infrastructure outperformed it.
What the Design Delivered

How we measured impact

What this is

A Phase 1 Desk Assessment — conducted remotely from drawings, site plans, and publicly available data. All projections were made at design stage. The 2026 figures are post-occupancy validated outcomes.

Indicator selection

Indicators were selected based on the purpose of the design (climate adaptation, public space), public data availability for Copenhagen, and measurability within a Phase 1 framework.

Output types

Type 1 (Calculated) — quantified, sourced, defensible monetary value assigned.

Type 2 (Evidenced) — documented effect, no monetary figure assigned at Phase 1.

Stormwater Management

The project was designed to achieve 30% surface infiltration across its catchment. Post-completion monitoring confirmed 50% — almost double the specification.

The economic value is calculated against HOFOR's published 2026 tariff schedule. The 60% outperformance is driven entirely by technical delivery exceeding design specification — not by tariff growth.

Regulatory connection
  • EU Taxonomy Climate Adaptation (Annex II, EU 2021/2139) — nature-based solution reducing urban flood risk
  • CSRD ESRS E3 (Water and Marine Resources) — quantified stormwater volume directly reportable
  • CSRD ESRS E4 (Biodiversity and Ecosystems) — blue-green infrastructure ecosystem services
2026 Validated
172.4k
DKK per year
Outperformance
+60%
vs. 2026 forecast
2019 Baseline
87.3k
DKK (30% target)
2030 Projection
194.1k
DKK (50% actual)

Carbon Sequestration

The biological projection was accurate to within 3.4% — the trees sequestered almost exactly what the IPCC age-bracket methodology predicted. The 107% value increase came entirely from EU ETS carbon prices rising from ~€42 to €90/tonne.

The 586 trees are an appreciating asset. Between 2026 and 2030, annual carbon value is projected to increase by 159%.

Regulatory connection
  • EU Taxonomy Climate Change Mitigation (Annex I, EU 2021/2139) — nature-based carbon removal
  • CSRD ESRS E1 (Climate Change) — GHG removal and biological carbon sequestration disclosure
  • GHG Protocol Scope 1 — applicable where project owner records biological carbon removals
2026 Actual Value
€356
3.96 tons · €90/t
Above Forecast
+107%
price-driven surge
2019 Baseline
€40
1.76t · €23.15/t
2030 Forecast
€923
7.33t · €126/t consensus

Property Value Uplift

The 2019 market baseline grew far faster than forecast — a post-COVID surge no model predicted. But the green premium estimate proved accurate: 5% projected, 4.5% validated. The methodology measured the right thing correctly.

For municipalities: DKK 14.5M annual tax increment = fiscal payback in approximately 3.2 years. For private developers: DKK 428M neighbourhood asset creation = 8.8× project investment.

Regulatory connection
  • SFDR — principal adverse impact reporting supported by validated climate-resilient asset performance
  • TCFD — physical risk disclosure; documented green premium demonstrates climate adaptation value
  • CSRD general ESRS — positive outcome narrative for sustainability statement
2026 Value
81.1k
DKK per m² (+4.5%)
Neighbourhood Uplift
428M
DKK (8.8× project cost)
2019 Baseline
45.1k
DKK per m²
Annual Tax Uplift
14.5M
DKK (~3.2 yr payback)

Urban Heat Island Mitigation

The 2019 temperature prediction was accurate to within 0.1°C. The methodology applied IPCC-derived tree cooling coefficients to the design specification — 586 trees across 48 species replacing 9,000 m² of asphalt.

The health cost is calculated using a published EPFL/Nature Communications coefficient (Manoli et al., 2023) of €192 per adult per year, applied proportionally to the 17.2% cooling contribution of the project.

Cross-referencing SLA's 2026 monitoring report (34.9°C → 28.9°C = 6.0°C = 17.2%) confirms the mid-scenario prediction was met precisely.

Regulatory connection
  • EU Taxonomy Climate Adaptation (Annex II, EU 2021/2139) — urban heat explicitly listed as physical climate risk
  • CSRD ESRS E1 — physical climate risk disclosures, heat stress
  • CSRD ESRS E4 — urban canopy ecosystem services, biodiversity net gain
2019 Baseline
35.0°C
9,000 m² Asphalt
2026 Validated
28.9°C
−6°C Drop (17.2%)
Avoided Health Cost
€191.8k
≈ DKK 1.43M / year
2030 Forecast
27.5°C
Tree maturity effect
2019
Baseline
35.0°C
−6°C
2026
Prediction
~29°C
2026
Validated
28.9°C
Health Cost Model
5,800 adults × €192/yr × 17.2%
€191,885 / Yr Avoided
Validation Accuracy
Target: 5–7°C reduction.
Actual: 6°C Reduction ✓
2030 Forecast (Projected)
Tree maturity increases cooling effect.
27.5°C – 28.5°C LST
Expected: DKK 1.6M–1.8M/yr

Mental Health & Wellbeing

A monetary value is not assigned to this indicator. Doing so without clinical outcome data — measured changes in depression rates, GP consultations, or anxiety scores in the catchment — would be an inflation, not an assessment. The effect is real, evidenced, and documented.

Regulatory connection
  • CSRD ESRS S4 (Consumers and End-users) — community health impacts where material
  • EU Social Taxonomy — indicative only; not yet adopted as legislation as of May 2026
  • WHO Urban Green Spaces framework (2016) — directly applicable policy reference
320%
Activity Increase
Substantially more of the catchment population is now reaching the 30+ minute weekly threshold associated with population-level health benefits.
101
New Plant Species
Five urban biotopes modelled on Copenhagen's characteristic natural landscapes — higher biodiversity produces stronger psychological restorative outcomes.
186
New Insect Species
On-site biodiversity monitoring confirms a rich ecosystem. Biodiverse, habitat-rich spaces produce stronger psychological effects than basic amenity greenery.

What the Design Delivered

Design projection vs. validated outcome, 2026. Every indicator met or exceeded its 2019 forecast.

Project Investment
DKK 48.45M
Total cost
Gross Annual Value 2026
DKK 16.1M+
Validated · quantified
Simple Payback
~3.2 years
Public fiscal terms
Neighbourhood Asset
DKK 428M
8.8× project cost
2019 Projection 2026 Validated On-target / confirmed
① Stormwater management +60% above forecast
DKK 107,473/yr → DKK 172,486/yr
② Carbon sequestration +107% above forecast
€172.20/yr → €356.40/yr · Price surge: €42 → €90/t
③ Property value uplift +38% above projection
~58.6k DKK/m² → ~81.2k DKK/m² · Premium: 5% projected, 4.5% confirmed ✓
④ Urban heat mitigation On target ✓
17.2% LST reduction · Health cost savings: DKK 1.43M/yr
⑤ Mental health & wellbeing +320% activity increase
Evidenced outcome → 320% activity increase · monetisation in Phase 2
Quantified Annual Return — Validated 2026
Value stream Cost deduction Net total

Maintenance cost estimated at DKK 903,000/yr — NIRAS (2017) Danish wadi/swale-trench benchmark €3.47/m² · Source: UGREEN D2.3, EU Horizon 2020.

Composite Gross Annual Value vs. Project Cost
Total Project Cost DKK 48,450,000
DKK 16,105,141 / year validated
payback ~3.2 years
Tax uplift (90%) Health savings (8.9%) Enviro value (1.1%)
Methodology verdict: Every indicator met or exceeded its 2019 design projection. The model is validated.
Phase 2 upside: Wellbeing monetisation, cooling energy savings, flood damage avoidance, and air quality not yet quantified. True ROI is higher.

Phase 2 Scope

Precision refinements and unquantified value streams identified for the next assessment cycle.

01

GIS Catchment Delineation

GIS-based pedestrian catchment delineation for UHI and access equity analysis.

02

Species-Level Carbon

Species-level carbon measurement replacing IPCC age-bracket coefficients for greater precision.

03

Independent Hedonic Analysis

Independent hedonic sub-area analysis (properties within 300–500m) to verify green premium.

04

Flood Damage Avoidance

Flood damage avoidance modelling using JRC Huizinga damage functions.

05

Cooling Energy Savings

Building cooling energy savings attributable to UHI mitigation — currently unquantified.

06

Mental Health Quantification

Clinical outcome monitoring — GP data and self-reported surveys for QALY conversion.

Want to dive deeper?

This is a high-level summary of the Phase 1 assessment. Request the full comprehensive technical report to review our methodology, data sources, and full economic modelling.

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