Yasuní – A Model for the Future?

How much is a pristine ecosystem worth to us? And a stable climate? These are questions that are very controversial among many environmentalists, as I recently discussed. However, economic valuation of Nature and its “services” is not just a theoretical possibility, it is a fact. A particularly interesting example of an (implicit) valuation of an ecosystem is the Ecuadorian Yasuní-ITT Initiative. Continue reading

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