As wildfires rage through western California, a new way to help prevent them is now being tested in nearby Tahoe National Forest. It is a first-of-its-kind financial tool, designed to help investors fund forest restoration in overgrown, highly combustible areas, which are becoming ever more dangerous due to climate change.
The Forest Resilience Bond was developed by the nonprofit investment firm Blue Forest Conservation, a Sacramento, California-based start-up, in partnership with World Resources Institute. It seeks to lower the risk of dangerous and destructive wildfires by shifting the heavy costs of forest restoration from the state’s forest service to private investors.
“It is really a…