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Sell the oil deposits!: A financial proposal to keep the oil underground in the Yasuni National Park, Ecuador

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  • Santiago Bucaram
  • Mario Andrés Fernandez
  • Diego Grijalva

Abstract

The Yasuni National Park is a protected area located in the Amazon region of Ecuador and is recognized as one of the most biodiverse regions in the world. In recent years the park has received much attention due to the media exposure of the Yasuni-ITT Initiative. This Initiative proposed a moratorium on oil activities in the Ishpingo-Timbococha-Tiputini (ITT) blocks within the Yasuni National Park, in exchange for US$3.6 billion in compensation over ten years, to be paid by the international community.

Suggested Citation

  • Santiago Bucaram & Mario Andrés Fernandez & Diego Grijalva, 2016. "Sell the oil deposits!: A financial proposal to keep the oil underground in the Yasuni National Park, Ecuador," WIDER Working Paper Series wp-2016-14, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2016-14
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    References listed on IDEAS

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