Conservation Finance Milestone: Blue Forest Completes Pilot Forest Resilience Bond

1 minute read | December.05.2023

Conservation finance nonprofit Blue Forest has successfully completed its pilot Forest Resilience Bond.

In a conservation finance industry milestone, the Yuba I Forest Resilience Bond returned all investor capital in line with expectations, financing restoration efforts on 15,000 acres in the Tahoe National Forest in California. That restoration reduced the risk of catastrophic wildfire

Orrick represented Blue Forest.


Blue Forest is a conservation finance nonprofit focused on forest restoration. Since 2018, Blue Forest has managed investor capital through its flagship financial product, the Forest Resilience Bond, which deploys private capital to finance forest restoration projects on private and public lands to reduce the risk of catastrophic wildfire.

Blue Forest developed the Yuba I Forest Resilience Bond with the National Forest Foundation, U.S. Forest Service and World Resources Institute.


Capital deployed through the Yuba I Forest Resilience Bond will:

  • Protect water supply in the Yuba watershed.
  • Reduce the risk of catastrophic wildfire.
  • Avoid carbon emissions that wildfires might otherwise produce.

The restoration was completed in five years, instead of the projected 10 to 12 years.


The Orrick team advising Blue Forest included Perry Teicher, Neil Golden, Devin Canavan, Elizabeth Damaskos and Rene Kathawala.


Blue Forest news release

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