Forest Resilience Bond
A healthier, thinner forest reduces fire risk significantly, and it also protects water quality and can improve water quantity. The Yuba River watershed is reaping all of those benefits with the first-of-its-kind Forest Resilience Bond, created by Blue Forest Conservation. The use of this bond model allows Blue Forest Conservation and its partners World Resources Institute and the U.S. Forest Service to attract additional capital from public and private investors to initiate restoration at a much faster pace and scale.
Yuba Water first piloted the Forest Resilience Bond in 2018 with a $1.5 million cost-share contribution to help fund planned restoration under the Yuba Project. The investment helped leverage an additional $4 million in capital to advance forest management work, including different methods of forest thinning, meadow restoration, prescribed burns and invasive plant treatment. The Yuba Project is already underway and is expected to be completed six years earlier than it would have been if not for this trailblazing partnership.
Building on the success of the Yuba Project, Yuba Water committed to a second, $6 million Forest Resilience Bond in early 2021, which is expected to leverage about $25 million in total funding and will be used to complete priority work that has stalled in recent years. The funding is also expected to leverage additional state and federal grants.
These videos explain how the Forest Resilience Bond works: