The Deshkan Ziibi Conservation Impact Bond Project: On Conservation Finance, Decolonization, and Community-Based Participatory Research
The Deshkan Ziibi Conservation Impact Bond (CIB) model was developed in Canada as a novel approach to conservation finance building on components of existing conservation funding models. The CIB model responds to the urgent need for piloting reconciliatory and cross-cultural ways of collaborating with Indigenous communities to diversify investment partnerships and redirect capital to conservation efforts that promote the regeneration of land and reciprocal and respectful relationships in southern Ontario. The CIB is a financial instrument that facilitates cross-cultural collaboration by providing a common goal amongst a diverse set of sectors, partners, and worldviews to promote healthy landscapes and empower relationships between people and ecosystems. By leveraging financial incentives, this model aims to engage partners who may not have otherwise been attracted to conservation efforts. By tying financial returns to impact metrics of holistic landscape health that incorporate Indigenous worldviews and values of nature, this innovative instrument seeks to contribute towards shifting the conservation finance paradigm more broadly by engaging in the ongoing process of decolonizing the financialization of nature.