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. 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 announcement is timely given the world’s focus on nature and climate at the UN Climate Change Conference (COP26) in Glasgow and the attention on recovery efforts underway following the devastating wildfire seasons of recent years. The 2021 Dixie fire, the single largest wildfire in California history, burned nearly 1 million acres and cost over $610 million to suppress.