Yasuní-ITT vs. Dirk Niebel

A few weeks ago I wrote a post about the Yasuní-ITT initiative as an attempt to attach a value to ecosystems. The initiative’s goal is to set up a fund assisting the development of Ecuador in return for the country’s government not exploiting the oil reserves lying under the Yasuní-ITT rainforest. Owing mainly to the refusal of the German development minister Dirk Niebel, the fund has not been set up so far. Thus it was interesting to read his commentary on that subject in a newspaper the day before yesterday. In the following I would like to present his arguments and comment on them. Continue reading

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