The start of the International Year of Biodiversity has also brought to a head the three-year-long debate on Ecuador’s Yasuni ITT initiative. The initiative centres around the Yasuni national park, one of the most biodiverse regions on the planet. It is home to indigenous peoples who have so far been isolated from the outside world—and also to an estimated 800 million barrels of oil. Ecuador is proposing that it will refrain from extracting this oil if the international community pays for half the foregone economic benefits (about 350 million dollars a year). The advantages of the unprecedented initiative are obvious. For one, Ecuador will be able to avoid massive environmental damages and social tensions that have so far resulted from oil exploitation and the unequal distribution of its revenues. And for another, climate-unfriendly oil would remain underground and the forest and its rich biodiversity would be preserved, thereby avoiding about 410 million tons of CO2 emissions. The reasoning behind this idea is that saving the region from economic exploitation is also in the global interest and should correspondingly be compensated for by the international community.



So far Germany, Spain, Sweden, and Belgium have declared that they would be prepared to contribute about half of the stipulated amount. The negotiations on the payment conditions, however, proved to be difficult: disputes include the time frame and the application of the funds. At the beginning of the year President Rafael Correa lost his patience: "We will not submit. Let them know that this country is nobody's colony. We won't accept shameful conditions. Keep your money." As a consequence, his chief negotiator, Foreign Minister Fander Falconi, resigned from office. Correa has now set a deadline for June 2010. If no deal is reached by then, the oil fields will be made available for drilling. Were this to happen, a significant opportunity for greater shared global responsibility and environmental justice would have been frittered away.  (Christiane Roettger)



For more information on this topic see http://www.alertnet.org/thenews/newsdesk/N12209446.htm and http://www.energy-daily.com/reports/Nature-for-oil_plan_in_Ecuador_in_jeopardy_999.html



An interview with Ivonne Yanez of Acción Ecológica, an Ecuadorian environmental organization and co-founder of the initiative, is available at http://www.democracynow.org/2009/12/11/ecuadorian_activist_heads_to_cop15_with

Published in: ECC-Newsletter, February 2010