Avery Ellfeldt of E&E News reports on Blue Forest Conservation, which is funding forest management projects in the U.S.
- Blue Forest Conservation is a startup that connects private investors and companies with local conservation groups to fund forest management projects.
- By using private money Blue Forest is able to bring projects online more quickly than if it were to use federal dollars.
- In 2018 Blue Forest launched and raised enough money to protect 15,000 acres of the Tahoe National Forest.
- Now Blue Forest has announced that it will allocate $50 million toward forest restoration work across high-risk areas in Oregon, California, and Washington.
“Rather than wait on government funds, they’ve created a unique bond that pools money from private investors, public agencies, utilities and companies to pump millions of dollars into wildfire projects up-front — and finish the job years in advance.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
