Northwest Territories Project Finance for Permanence

Overview

The Northwest Territories Project Finance for Permanence (NWT PFP) is an Indigenous-led conservation initiative that supports long-term, large-scale protection of lands and inland waters in the Northwest Territories.

By 2030, it is estimated that the NWT PFP could conserve over 180,000 square kilometers of lands and inland waters in the Northwest Territories. The NWT PFP will include new and existing conserved areas in the territory and is expected to conserve up to 2.5% of Canada’s terrestrial area—a significant contribution to Canada’s goal to conserve 30% by 2030.

Who is involved?

The NWT PFP brings together partners from Indigenous, federal, and territorial governments, as well as charitable organizations, including:

Goals and activities

Indigenous-led stewardship is central to achieving the goals of the NWT PFP, which include:

Indigenous communities across the Northwest Territories will support these goals through many conservation and cultural revitalization activities, including:

Status of the NWT PFP

In October 2023, partners signed a framework agreement that outlines the shared vision for the NWT PFP, including the terms, activities, and expected outcomes of the initiative.

In the coming months, partners will work toward a final agreement to confirm the scale of activities and the resource commitments needed to deliver the initiative’s full vision of conservation, stewardship, and economic development benefits that last now and into the future.

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