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Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum

Abstract:

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...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Research group:
ODID
Department:
Social Sciences Division - Queen Elizabeth House,Department of International Development
Publisher:
Elsevier Publisher's website
Journal:
Ecological Economics Journal website
Volume:
70
Issue:
2
Pages:
358-365
Publication date:
2010-12-05
DOI:
ISSN:
0921-8009
URN:
uuid:9a510693-0c7a-476d-b68a-fa086580e85e
Local pid:
ora:5393

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