A financial instrument that funds voluntary relocation and community resilience projects in regions vulnerable to climate change. EMBs are tied to ecological restoration and sustainable development goals, incentivizing migration to areas where skills and resources are needed to address environmental challenges, creating a win-win for displaced populations and ecological health. People can invest in communities at risk, who then decide how the investment will be used. If climate change makes that community untenable anyway, the bond can be used to facilitate transfer of at-risk residents to other communities.