forest resilience bond

We are pleased to expand the scope of the FRB to help . The agency is also exploring ways to leverage private investment through environmental markets (e.g., compensatory mitigation, water quality, carbon). North Yuba Forest Resilience Project. Found inside – Page 213Restoring forest resilience: from reference spatial patterns to silvicultural prescriptions and monitoring. For. Ecol. ... Kirwan, J., Bond, B., 2007. Forests and ... Assessing the resilience of global seasonally dry tropical forests. Not sure where to find something? "The Forest Resilience Bond is a unique financial instrument that has accelerated the pace and scale of forest restoration work in the collaborative Yuba Project. Search all of the site's content. Compilation of essays on outcomes-based funding, contracting, and financing for the social sector. As Wildfires Scorch U.S. Forests, Forest Resilience Bond Blazes a New Trail . About the Forest Resilience Bond. Garnering corporate support for financing models to leverage utility and state funding was one of the primary goals of a recent grant from the USFS Innovative Finance for National Forests program to WRI, Bonneville Environmental Foundation (BEF), American Water Works Association (AWWA), and BFC. It will finance another 25-million dollars in mostly thinning projects, in the North Yuba River watershed, along with post-fire . As innovators from a variety of fields already know, it is one thing to assign theoretical value to social or public goods (in this case, fire mitigation . 0000003622 00000 n Redirecting to https://calvertimpactcapital.org/portfolio/list/forest-resilience-bond Investors, including the Rockefeller Foundation , the Gordon & Betty Moore Foundation , Calvert Impact Capital , and CSAA Insurance Group put up the upfront money to pay contractors to thin smaller trees, manage controlled burns and . A healthier, thinner forest reduces fire risk significantly, and it also protects water quality and can improve water quantity. Found inside – Page 486... that bond in your fixed income portfolio not only paid you a decent interest rate but also saved a giant forest from ... such as the forest resilience bond, taking on the proof-ofconcept work that conservative investors never could. 0000000016 00000 n Found inside – Page 89Impacts of droughts on the growth resilience of Northern Hemisphere forests: forest growth resilience to drought. ... doi: 10.1890/1051-0761(2006)016% 5B1164:hmoppg%5D2.0.co;2 McDowell, N. G., Brooks, J. R., Fitzgerald, S. A., and Bond, ... Blue Forest is a mission-driven, non-profit organization creating sustainable financial solutions to meet pressing environmental challenges. The Gordon and Betty Moore Foundation (GBMF) acted as the lead investor for the $3 million Program Related Investment (PRI) component of the FRB, alongside the Inherent Foundation. Similar to an Environmental Impact Bond or sustainable infrastructure financing, the FRB is a public-private partnership that deploys private capital . In an effort to address this problem, the Tahoe National Forest in piloting a new finan. Page 2 Collaboration. This summer, California experienced its largest fire in state history — the latest disaster in a growing trend toward hotter, larger and more destructive fires, according to a release from the Sierra Nevada Conservancy. Found inside – Page 211Bond, W. J. 1994. Keystone species. Pp. 237–253 in E. D. Schulze and H. A. Mooney, ... Forest resilience, climate change, and opportunities for adaptation: A specific case of a general problem. Forest Ecology and Management 306:216–225. The Sierra Nevada Conservancy and U.S. Forest Service have been working in close partnership with Blue Forest Conservation to site California's first Forest Resilience Bond pilot project in the North Yuba River watershed. Investors Think They Can Make Money Reducing Wildfire Risk. 0000071230 00000 n Our flagship financial product, the Forest Resilience Bond (FRB), deploys private capital to finance forest restoration projects on private and public lands to reduce the risk of catastrophic wildfire. 0000017786 00000 n 0000006264 00000 n 412 0 obj <>stream In the case of the Forest Resilience Bond, the proposal is to establish a public-private partnership that enables private capital to finance much-needed forest restoration. Found insidewhich readily acknowledges the unhealthy and overgrown conditions of its forests, lacks the financial resources to ... One such approach, the Forest Resilience Bond, provides a platform for the public sector, private investors (such as ... RELEASE: Forest Resilience Bond to Help Fund $4.6 Million Restoration Project to Mitigate Wildfire Risk in Tahoe National Forest News November 1, 2018 Finance. 0000010449 00000 n Found inside101 (Qennanjfl International Climate Initiative IFCI (Australia) □£l5m- Intemational Forest Carbon Initiative Adaptation Fund ... The following are potential structures for a forestry bond: • Bond backed by government secured against ... Its forests are highly sensitive to climate change, while its rural population is dependent on fuelwood to meet their energy demands. A newly announced second Forest Resilience Bond (FRB) will help fund $25 million in forest resilience and post-fire restoration projects in the Sierra Nevada mountains to help restore 48,000 forested "Partnerships, conservation finance, and the Forest Resilience Bond (FRB) are key drivers of the paradigm shift needed to adequately address the… Liked by Mac Cloyes Fighting Fire with Finance; Introducing the Forest Resilience Bond. Blue Forest's own growth has happened in parallel with the rapid change in the sustainable investing market. The Yuba II Project is supported by the collaborative work of the North Yuba Forest Partnership (NYFP), founded in 2019. Moved Permanently. New Forest Resilience Bond to fund $ 25 million restoration to reduce wildfire risk in California's Tahoe National Forest - YubaNet Check all news and articles from the Business news updates. 0001089541 00000 n Availability and affordability of insurance is a . Through a partnership with BEF, plant-based food and beverage brand Silk, whose parent company is Danone North America, one of the world’s largest certified B Corporations, is leading by example in funding Yuba II. The Forest Resilience Bond. Applying the filters below will filter all articles, data, insights and projects by the topic area you select. Yuba Water’s natural infrastructure funding also leverages state and federal dollars in both projects. It is a public-private partnership that enables private capital to finance much-needed forest restoration. “It was a logical next step for Yuba Water to commit funding for the Yuba II Project, to build on that momentum and continue to advance work to reduce the risk of catastrophic wildfire and protect our communities and water supply.”, Landscape Scale Planning with the North Yuba Forest Partnership. 0000003134 00000 n Our flagship financial product, the Forest Resilience Bond (FRB), deploys private capital to finance forest restoration projects on private and public lands to reduce the risk of catastrophic wildfire. Unlocking SDG Private Financing Through Transformational Partnerships Insights November 1, 2021 Forests. Kumar Bhattacharyya. Eloquent, insightful, and deeply heartening, In Search of the Canary Tree is a case for hope in a warming world. 0001097067 00000 n The Forest Resilience Bond Case Study Convergence Blended Finance 2. Unlike most traditional property insurance policies, resilience bonds can be structured to provide rapid response funds in the wake of a disaster. The FRB promises to accelerate the pace and scale at which critical work to restore the health and functioning of the nation's forested landscapes is undertaken. 0000020211 00000 n “National Forest Foundation is excited to build off of the work completed on the Yuba Project in order to expand the implementation of forest health projects across the watershed. By focusing on the forest-energy nexus, the project will target adaptation and mitigation measures in two of the country's Found inside – Page 244Bond-Lamberty, B., Peckham, S.D., Ahl, D.E., Gower, S.T., 2007. Fire as the dominant driver of ... Forest resilience, climate change, and opportunities for adaptation: a specific case of a general problem. Forest Ecology and Management ... Page 3 FOREST RESILIENCE BOND Western US Forests & Communities at Risk . Read the original press […] The larger Yuba II FRB will protect more acres than its predecessor and expands the pool of funders by introducing corporate support into the FRB funding model. FOREST RESILIENCE BOND West's Biggest Natural Disaster Threat . We support projects that contribute to greater ecological resilience at the landscape scale. 0001132401 00000 n We’re investing in forests because of the direct link between forest resilience, water quality, water quantity, and plant-based food systems that are essential to our business, to community health, and to our planet,” says Deanna Bratter, VP of One Planet One Health at Danone North America. 0000445564 00000 n A case in point is the forest resilience bond (FRB) that has been two years in the making, and is expected to have a phase one launch next year - most likely in the form of a loan. 0000027469 00000 n Blue Forest is about to launch its second Forest Resilience Bond, aimed at 48,000 acres of woodland restoration. Forest Resilience Bond to help fund $4.6 million restoration project. The Yuba II FRB is the collaborative’s first step in accomplishing that goal. 0000007577 00000 n Bond pilot schemes. Beneficiaries of the risk reduction, in this case a local public water and power utility and the State of . RELEASE: Forest Resilience Bond to Help Fund $4.6 Million Restoration Project to Mitigate Wildfire Risk in Tahoe National Forest, Unlocking SDG Private Financing Through Transformational Partnerships, As Wildfires Scorch U.S. Forests, Forest Resilience Bond Blazes a New Trail. 0000004147 00000 n Careful and data-driven forest management is an effective way to prevent wildfires, improve soil water recharge and reduce drought risk. 0000074125 00000 n This collaboration - among the USFS, the National Forest Foundation (NFF), the state of California, Yuba Water, and investors - is facilitated through the FRB Yuba Project I LLC. Found inside – Page 125Jon Keeley, William Bond and two anonymous reviewers provided helpful comments on an earlier draft. Previously unpublished data of mine were obtained in part with support from the Pacific Southwest Forest and Range Experiment Station, ... May 9, 2019. Miombo woodlands and their use: overview and key issues. The ecology of miombo woodlands. Population biology of miombo tree. Miombo woodlands in the wider context: macro-economic and inter-sectoral influences. Corporations are increasingly concerned with wildfires and drought and the associated water-related risks to their supply chains, facilities, and bottom lines. Beneficiaries, including public agencies and state utilities, reimburse investors with principal and returns following project completion. 0000006762 00000 n 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 . Suite 800 Forest Resilience Bond - Fighting Fire with Finance Blue Forest Conservation is developing the Forest Resilience Bond (FRB) to monetize the benefits of forest restoration for climate resilience. This bond will help us finance prevention strategies to stave off the ever-present risk of catastrophic wildfire that can damage national forests and our neighboring lands. 356 0 obj <> endobj The East Bay Municipal Utility District and its partners in the Upper Mokelumne River Watershed Authority are poised to complete forest health projects that improve resilience to wildfire and protect water quality and water supplies for the East Bay. The NYFP is a diverse group of nine organizations including BFC, NFF, USFS, YWA, South Yuba River Citizens League (SYRCL), Sierra County, Camptonville Community Partnership, Nevada City Rancheria, and The Nature Conservancy—all committed to forest health and the resilience of the North Yuba River watershed. 0000451766 00000 n Found inside – Page 269The forest is able to remain even under a suboptimal climate until fires destroy these microhabitats. ... would benefit high fire-resilient species and eliminate competitor neighbors that are less resilient (Bond and Midgley 1995). But Wobbrock argues that the forest-resilience bond actually broadens the revenue sources for forest thinning, and that even if the Forest Service had the money to pay all on its own, it shouldn't. SACRAMENTO, Calif. (Oct. 26, 2021) - World Resources Institute, Blue Forest Conservation, National Forest Foundation, U.S. Forest Service, Yuba Water Agency and the North Yuba Forest Partnership are pleased to announce the launch of the second Forest Resilience Bond (FRB): the Yuba II FRB. 0000007326 00000 n VIDEO 2:46 02:46 How Fire is disrupting water in the West and putting big companies . World Resources Institute (WRI) is a global research organization that spans more than 60 countries, with international offices in Brazil, China, India, Indonesia, Mexico and the United States, regional offices in Ethiopia (for Africa) and the Netherlands (for Europe), and program offices in the Democratic Republic of Congo, Turkey and the United Kingdom. The new FRB on the Tahoe National. 0000010317 00000 n Developed by Blue Forest Conservation, the Forest Resilience Bond (FRB) is a multi-stakeholder model that uses upfront investment from private and philanthropic investors to fund forest restoration activities. 0000041245 00000 n Found inside – Page 261Conserving Wildlife in Logged Tropical Forest Robert A. Fimbel, Alejandro Grajal, John G. Robinson, John Robinson ... contribute to forest regeneration and resilience to disturbance (Janzen 1987; LaSalle and Gauld 1993; Bond 1994). For further details please visit our. Building upon their initial $1.5 million commitment to the 2018 Yuba pilot project, Yuba Water is now making an additional $6 million commitment to support funding for the larger Yuba II FRB. At 48,000 acres, the Yuba II FRB represents a significant increase in scale over the 15,000 acre pilot and opens the opportunity for even more ambitious action. Found inside – Page 102A synthesis of the biodiversity/resilience/stability relationship in forest ecosystems. ... Wise, M.A, K.V. Calvin, A.M. Thomson, L.E. Clarke, B. Bond-Lamberty, R.D. Sands, S.J. Smith, A.C. Janetos, and J.A. Edmonds. 2009. "By harnessing this opportunity, the Forest Resilience Bond has the potential to scale forest restoration in the areas where it is needed most." In California alone, Knight's team is aiming to take a watershed-by-watershed approach in an effort to deploy over $1.5 billion for forest restoration. This collaborative effort is important for increasing forest resilience, supporting forest industry capacity, and enhancing ecological services provided by the North Yuba River watershed,” said Matt Millar, NFF’s California Program Manager for the Tahoe Area. There are a number of key players in a conservation impact bond, including: 356 57 The financial model innovates through the use of investor capital to fund restoration quickly and at scale, and a cost-sharing approach among . Our flagship financial product, the Forest Resilience Bond (FRB), deploys private capital to finance forest restoration projects on private and public lands to reduce the risk of catastrophic wildfire. The Forest Resilience Bond (FRB) Prepared for the SWAMP Science Symposium. To stay in the know about all things Blue Forest, subscribe to our newsletter! 0000004695 00000 n More Wildfire Resilience Money For Tahoe Forest. Found inside – Page 155Retrieved from https://www.reuters.com/article/ us-greenbonds-issuance/green-bond-issuance-hit-record- 255-billion-last-year-research-shows-idUSKBN1ZF1GD Khan, M., Serafeim, G., ... Wildfires and Forest Resilience: The Case REFERENCES 155. By continuing to browse this site, you consent to the use of cookies and similar technologies. New and Repeat Investors Supporting Environmental Finance, Four market-rate investors are participating in the Yuba II FRB, including Hall Capital, ImpactAssets, RSF Social Finance, and repeat investor CSAA Insurance Group. In a region where 10 million acres can burn in a single year, expediting projects is an enormous benefit. Forest Resilience Bond. “Silk’s early display of leadership by funding the Yuba II FRB will help restore forests and advance water replenishment,” said Todd Gartner, WRI’s Cities4Forests Director. 0000004857 00000 n 2016 Fire Awards Finalist Forest Resilience Bond announced that they've secured $4.6 million in private capital for a pilot forest restoration project to mitigate wildfire risk in Tahoe National Forest. We advance the understanding, evaluation and monitoring of the many distinct benefits healthy ecosystems provide. The forest resilience bond originated as a winning concept in the 2015 Kellogg-Morgan Stanley Sustainable Investing Challenge. World Resources Institute, Blue Forest Conservation, National Forest Foundation, U.S. Forest Service, Yuba Water Agency and the North Yuba Forest Partnership are pleased to announce the launch of the second Forest Resilience Bond (FRB): the Yuba II FRB. You can support our work by making a gift today or exploring other ways to give. 0000041841 00000 n The new FRB on the Tahoe National Forest will finance $25 million in forest resilience and post-fire restoration projects in California’s Sierra Nevada mountains to restore 48,000 forested acres, protect nearby communities, and enhance water security. The 2021 Dixie fire, the single largest wildfire in California history, burned nearly 1 million acres and cost over $610 million to suppress. 2019. The Forest Resilience Bond funds a forest restoration project protecting 15,000 acres of forestland in the North Yuba River, CA watershed using ecologically based tree thinning, meadow restoration, prescribed burning, and invasive species management—all specifically designed to reduce the risk of severe fire, improve watershed health, and protect water resources. 0000445987 00000 n 0000001465 00000 n The Forest Resilience Bond (FRB), developed by Blue Forest Conservation (BFC) in partnership with World Resources Institute (WRI), raises private capital to finance forest restoration today, to reduce the risk of severe fire tomorrow. Found inside – Page 1977Wildland fire , for example , is an important ecological mechanism that shapes the distributions of species , maintains the structure and function of fire - prone communities , and acts as a significant evolutionary force ( Bond and ... The Forest Resilience Bond (FRB) is a financial tool that enables private invest­ment in forest enhancements on public land. The FRB seeks to monetize different benefits generated through forest restoration from both public and private beneficiaries (including the US Forest Service, water and . Forest Resilience Bond Sparks Innovative Collaborations Between Water Utilities and Wide‐Ranging Stakeholders - Madeira - 2018 - Journal AWWA - Wiley Online Library Our more than 1,400 experts and staff turn big ideas into action at the nexus of environment, economic opportunity and human well-being. More information at www.wri.org or on Twitter @WorldResources. New Forest Resilience Bond will finance $25 million of restoration to reduce wildfire risk The innovative financial mechanism builds on the initial 15,000 acre pilot project to protect an additional 48,000 acres with funding contributions from utilities, corporations, and state agencies. Page 6 | Confidential Ecosystem Services of Forest Restoration Investor Capital Evaluation of Benefits Innovative Contracts Financial Vehicle Ecosystem Services Water Quantity & Quality Air Quality & Emissions Fire Severity Job Creation Hydropower Generation Found inside – Page 59Proceedings of the Royal Society B , 273 ( 1593 ) , 1465-1470 Midgley , G.F. , Bond , J. , Kapos , V. , Ravilious ... A synthesis of the biodiversity / resilience / stability " forest degradation " in global climate change agreements . The Forest Resilience Bond Type Forests Region of interest United States Financial instrument Debt (market rate and concessional - up to 10-year term) Blueprint owner Blue Forest Conservation Proof of concept Established In a nutshell The Forest Resilience Bond (FRB) provides a means to engage private sector investment to fund ecologi- 0000027399 00000 n As part of the B Corp movement, we believe it’s our responsibility to do more than provide a product to our customers. 0000001824 00000 n The Forest Resilience Bond is structured so that capital from investors funds upfront forest restoration through the bond, which beneficiaries then repay over time. Found insideConcern on surpassing the forest's resilience levels, however, is still an important issue. In order to maximize the likelihood of long-term survival of the ecosystems in Amazonia and the local, regional, and global ecosystems services ... This book reviews Latin America's experience with infrastructure reform over the last fifteen years. 0000006111 00000 n The goal of the partnership is to collaboratively plan, analyze, finance and implement forest restoration across the entire 275,000 acre North Yuba River Watershed. Found inside – Page 41Is there a substitution of Pinaceae by Fagaceae in temperate forests at the global scale? Glob. Planet. ... Ecosystems 9, 330–343. doi: 10.1007/s10021-005-0126-2 Bond, W. J. (1989). ... Forest resilience to drought varies across biomes. Washington DC 20002 Found insideenvironmental impact bond (EIB) of DC Water (the public water utility for Washington, DC). ... Similarly, forest resilience bonds are used to fund forest management in the Tahoe National Forest and reduce wildfire risk.46 One critical ... If the project succeeds in mitigating wildfire risk, the investors will be repaid by the Yuba Water Agency, which has a stake in water quantity and quality, and California's state Climate Change Investment program. Found inside – Page 94ROBERT BOND nitrogen , and ozone ; metals such as Dean of Forest Resources aluminum and lead ; acidic substances Pennsylvania State ... Because of the resilience of the forest ecosystem , most trees and forests recover from stressful ... Blue Forest Conservation will also explore incorporating new ecosystem co-benefits into repayment . 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. The Forest Resilience Bond enables private capital to cover the upfront costs of implementing forest health treatments. Beneficiaries of the restoration work make cost-share and pay-for-success payments over time (up to 10 years) to provide investors competitive returns based on the project . 0000004658 00000 n Planned forest treatments are slated to begin in the fall of 2022 and will include fuels reduction through prescribed fires and selective thinning, post-fire restoration treatments, removing invasive plant species, and supporting development of mature forest habitat. 0000446410 00000 n 0000110838 00000 n A pilot project on US Forest lands in Yuba County, California utilizes a "forest resilience bond." Created by the nonprofit Blue Forest Alliance, the bond raises private capital for forest management to reduce severe wildfire risk. Found inside – Page 60Across western North American ecoregions, we find that a strong core of emergent properties historically conferred forest resilience and resistance to disturbances and climatic changes. We synthesize them here. “Our investment and partnership in the first FRB proved to be greatly successful in helping advance forest resilience work at a much faster pace and scale,” said Willie Whittlesey, Yuba Water’s general manager. Found inside – Page 90In the United States of America, private investors can purchase “forest resilience bonds” to fund forest–water management that reduces operational costs and increases natural capital (Box 4.8). Main phases in the development of ... In partnership with the US Forest Service and the World Resources Institute, Blue Forest developed our signature environmental bond, the Forest Resilience Bond (FRB), to overcome the funding gap for forest management. Forest Resilience Bond. The Forest Resilience Bond is a public-private partnership that enables private capital to finance much-needed forest restoration work and is the nation's first financial product to support proactive management of the National Forest System.

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