Blue Forest Launches New Forest Resilience Bond (FRB) to Address Catastrophic Wildfire Threat in the Upper Mokelumne River Watershed
SACRAMENTO, Calif., Feb. 15, 2024 /PRNewswire/ -- Blue Forest, a conservation finance non-profit focused on forest restoration, is proud to announce the launch of the Upper Mokelumne I Forest Resilience Bond (Upper Mokelumne I FRB) in collaboration with the Upper Mokelumne River Watershed Authority (UMRWA) and the Eldorado National Forest.
- SACRAMENTO, Calif., Feb. 15, 2024 /PRNewswire/ -- Blue Forest, a conservation finance non-profit focused on forest restoration, is proud to announce the launch of the Upper Mokelumne I Forest Resilience Bond (Upper Mokelumne I FRB) in collaboration with the Upper Mokelumne River Watershed Authority (UMRWA) and the Eldorado National Forest.
- The Upper Mokelumne I FRB aims to mitigate the growing threat of catastrophic wildfires in the Upper Mokelumne River watershed through strategic forest restoration and conservation finance.
- "This partnership with Blue Forest and the launch of the Forest Resilience Bond reflect our commitment to finding innovative solutions to address the growing threat of catastrophic wildfires," said Richard Sykes, Executive Director of the Upper Mokelumne River Watershed Authority.
- "The Eldorado National Forest is proud to partner with Blue Forest and the Upper Mokelumne River Watershed Authority on this critical initiative," said Joe Stout, Forest Supervisor of Eldorado National Forest.