Yasuní – Attaching Value to Ecosystems

Many will have heard about the Yasuní-ITT Initiative. It is a proposal made by the Ecuadorian government – it offered not to drill for oil in the Ishpingo-Tiputini-Tambococha (a part of the Yasuní National Park) if the international community were to compensate Ecuador for at least half of the foregone revenues. This initiative could become a milestone towards the attaching of value to ecosystems and biodiversity. Furthermore, although not every Western politician seems able to recognize this fact, saving Yasuní by paying Ecuador would be a win-win situation. Continue reading