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Freshwater Trust and partners present pay‑for‑performance pilot to Leadership Council
Summary
Freshwater Trust and partners outlined a pay‑for‑performance pilot that would pay for quantified restoration outcomes, propose model RFPs for four restoration actions, and recommend using a Puget Sound recovery account or an outcomes bank to aggregate funding and speed projects.
Representatives of Freshwater Trust and partner Quantified Ventures described a pay‑for‑performance approach that pays for quantified ecological outcomes rather than reimbursing activities.
Tim Williamson, Freshwater Trust vice president of finance and policy, summarized the approach: pay for a clearly defined, verifiable unit of ecological benefit and structure…
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