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This is the Cato Daily Podcast for Monday, December 9th, 2019.

I'm Caleb Brown.

Forest restoration on public lands is a serious problem,

and some federal laws make it more difficult.

So what can the private sector do about it?

Holly Fretwell from the Property and Environment Research Center sat down with me to discuss

how privately issued bonds to fund that forest restoration can deliver benefits to communities and

investors alike. We spoke in Colorado Springs in October.

How does forest restoration function now?

Oftentimes it doesn't.

We have so many forests at risk, especially on our federal lands,

and it is so difficult and costly to get in and do that restoration

that the amount of restoration that needs to get done is not being addressed.

The restoration projects are very small at this point.

Is that because of federal rules governing it or is that just because there is otherwise a lack of interest in spending the money?

...