Protecting Watersheds and Preventing Catastrophic Wildfire: Yuba I Forest Resilience Bond Returns Investor Capital, Driving Successful Restoration Efforts on the Tahoe National Forest
Blue Forest, a conservation finance non-profit, in partnership with World Resources Institute (WRI), USDA Forest Service (USFS), and National Forest Foundation (NFF), announced the successful completion of its pilot Forest Resilience Bond (FRB), marking five years since the project launched. Restoration efforts on a 15,000 acre planning area on the Tahoe National Forest, which reduced the risk of catastrophic wildfire, paved the way for the formation of the North Yuba Forest Partnership.