Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum
This article examines the financial mechanism, currently known as the Yasuní-ITT Initiative, by which Ecuador would be compensated for not exploiting the reserves of heavy crude lying underneath the Yasuní National Park, a Biosphere Reserve for Humanity located in the Amazon Region. An analysis of the ways in which the proposal is being debated is offered to illustrate the unique problems posed by the incorporation of natural capital in economic decisions. A focus on the creative measurements...Expand abstract
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- Elsevier B. V.
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