Deal moves NWT toward more privately funded conservation – Cabin Radio

October 13, 2023

A framework signed this week brings the NWT closer to using hundreds of millions of dollars in federal and private investment to run Indigenous-led conservation projects.

The idea is called Project Finance for Permanence. It involves government funding but also pairs private investors with communities to fund long-term projects.

Central to the philosophy is that the projects are overseen by Indigenous communities.

Supporters say PFP allows communities to derive economic growth from environmental protection work. The NWT’s government says it’s a step toward “a healthy economy and environment.”

Read More: https://cabinradio.ca/156801/news/politics/deal-moves-nwt-toward-more-privately-funded-conservation/