<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Inter Press ServiceYasuni Initiative Topics</title>
	<atom:link href="https://www.ipsnews.net/topics/yasuni-initiative/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.ipsnews.net/topics/yasuni-initiative/</link>
	<description>News and Views from the Global South</description>
	<lastBuildDate>Fri, 17 Apr 2026 17:10:26 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.8.3</generator>
		<item>
		<title>If You Want to Conserve Biodiversity, Protect Latin America</title>
		<link>https://www.ipsnews.net/2013/09/if-you-want-to-conserve-biodiversity-protect-latin-america/</link>
		<comments>https://www.ipsnews.net/2013/09/if-you-want-to-conserve-biodiversity-protect-latin-america/#comments</comments>
		<pubDate>Tue, 10 Sep 2013 13:19:24 +0000</pubDate>
		<dc:creator>Stephen Leahy</dc:creator>
				<category><![CDATA[Biodiversity]]></category>
		<category><![CDATA[Development & Aid]]></category>
		<category><![CDATA[Editors' Choice]]></category>
		<category><![CDATA[Environment]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Global Governance]]></category>
		<category><![CDATA[Globalisation]]></category>
		<category><![CDATA[Headlines]]></category>
		<category><![CDATA[Latin America & the Caribbean]]></category>
		<category><![CDATA[Poverty & SDGs]]></category>
		<category><![CDATA[Regional Categories]]></category>
		<category><![CDATA[South-South]]></category>
		<category><![CDATA[TerraViva Europe]]></category>
		<category><![CDATA[TerraViva United Nations]]></category>
		<category><![CDATA[Tierramerica]]></category>
		<category><![CDATA[Aichi Biodiversity Targets]]></category>
		<category><![CDATA[Convention on Biological Diversity (CBD)]]></category>
		<category><![CDATA[Costa Rica]]></category>
		<category><![CDATA[Ecuador]]></category>
		<category><![CDATA[Millennium Development Goals (MDGs)]]></category>
		<category><![CDATA[Panama]]></category>
		<category><![CDATA[Peru]]></category>
		<category><![CDATA[Poverty & MDGs]]></category>
		<category><![CDATA[Yasuni Initiative]]></category>

		<guid isPermaLink="false">http://www.ipsnews.net/?p=127406</guid>
		<description><![CDATA[Panama, Costa Rica, Ecuador, northern Peru and the Caribbean islands are areas that need urgent protection in order to achieve the global biodiversity conservation targets set for 2020, a new study shows. ]]></description>
		
			<content:encoded><![CDATA[<p><font color="#999999"><img width="300" height="205" src="https://www.ipsnews.net/Library/2013/09/TA-Stephen-small-300x205.jpg" class="attachment-medium size-medium wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.ipsnews.net/Library/2013/09/TA-Stephen-small-300x205.jpg 300w, https://www.ipsnews.net/Library/2013/09/TA-Stephen-small.jpg 629w" sizes="(max-width: 300px) 100vw, 300px" /><p class="wp-caption-text">A family travelling by boat along the San Juan River, a biodiversity-rich area on the border between Costa Rica and Nicaragua. Credit: Germán Miranda/IPS</p></font></p><p>By Stephen Leahy<br />UXBRIDGE, Canada, Sep 10 2013 (IPS) </p><p>A team of scientists who analysed the richness of plant species around the world concluded that the ecosystems in need of immediate protection in order to meet the 2020 conservation goals set by the Convention on Biological Diversity are largely concentrated in Latin America.</p>
<p><span id="more-127406"></span>Humanity&#8217;s life support system, which provides our air, water and food, is powered by 8.7 million different kinds of plants, animals and other living species. But those species are going extinct at an accelerating rate, representing a major threat to future human survival.</p>
<p>Recognising this threat, nearly every country in the world has agreed under the <a href="http://www.cbd.int/" target="_blank">United Nations Convention on Biological Diversity</a> (CBD) to protect 17 percent of the planet&#8217;s land areas and conserve 60 percent of the world&#8217;s plant species by the year 2020.</p>
<p>These twin goals, included in the 20 <a href="http://www.cbd.int/sp/targets/" target="_blank">Aichi Targets</a>, <a href="https://www.ipsnews.net/2012/10/shadow-over-aichi-biodiversity-targets/" target="_blank">can only be achieved</a> if far more land in the Caribbean, Central America and northern South America is properly protected, according to a new study published Sep. 6 in the journal Science.</p>
<p>The study, <a href="http://www.sciencemag.org/content/341/6150/1100.abstract" target="_blank">“Achieving the Convention on Biological Diversity’s Goals for Plant Conservation”</a>, analysed the distribution of 110,000 different plant species to discover that about 67 percent the world&#8217;s plants live in 17 percent of the planet&#8217;s land area &#8211; mainly in tropical and subtropical regions.</p>
<p>&#8220;Our paper sets out the priority areas for protection, based on their species richness,&#8221; said report co-author Stuart Pimm from Duke University, in the eastern U.S. state of North Carolina.</p>
<p>Those priority areas include Panama, Costa Rica, Ecuador, northern Peru and the Caribbean islands, Pimm told Tierramérica*.</p>
<p>Costa Rica is home to nearly 800 endemic species, found nowhere else in the world. Canada, which is nearly 200 times larger in area than the small Central American nation, has only about 70 unique or endemic species scattered across its nine million square kilometres of land area.</p>
<p>The reasons for this disparity are Canada&#8217;s cold climate and the last Ice Age, which buried the entire country in ice several kilometres deep 10,000 years ago.</p>
<p>Less than one sixth of these priority regions are protected, the report found. While Costa Rica has protected at least 20 percent of its land area, far more than nearly any other country, there is not enough data to know if that is enough, Pimm said.</p>
<p>&#8220;When it comes to plants, we don&#8217;t have the data to determine how much should be protected in any one country or where these protected areas should be inside a country,&#8221; he noted.</p>
<p>There is far more information on birds and animals, which has been used to identify so-called &#8220;biodiversity hot spots&#8221;.</p>
<p>This new study confirms most of these spots, but takes the analysis further with better methodology. There is a correlation between the diversity of plants and that of other species, but there are also plenty of exceptions. A tropical forest might have many amphibians, while a tropical island with similar numbers of plants may have none, Pimm explained.</p>
<p>Most existing national parks and protected areas are often in remote areas or in barren and inhospitable areas. With this new data, species-rich areas can be targeted for protection.</p>
<p>&#8220;The hard reality is that most of the priority areas in need of protection are in generally poor countries, like Madagascar or Ecuador,&#8221; said study co-author Clinton Jenkins, a tropical ecologist and conservation expert from North Carolina State University, who also works with a Brazilian conservation NGO.</p>
<p>&#8220;Costa Rica has to protect more of its area than Canada if we want to stem the rising tide of extinctions,&#8221; said Jenkins in an interview with Tierramérica.</p>
<p>Mobilising international support to protect biodiversity in other countries has been very difficult. Under the <a href="https://www.cbd.int/sp/" target="_blank">CBD Strategic Plan</a> for reaching the 2020 goals, developed countries agreed to double biodiversity aid by 2014, and to maintain those levels until the final year of the plan.</p>
<p>&#8220;This is key to achieving any target,&#8221; CBD spokesperson David Ainsworth told Tierramérica.</p>
<p>Ecuador proposed to protect 10,000 square kilometres of its Amazon region as a national park, instead of allowing oil drilling, through the Yasuní-ITT initiative. It asked the international community to contribute 350 million dollars a year to offset the foregone oil revenues, Jenkins noted.</p>
<p>But after five years, the fund to leave the oil in Yasuní Park untapped had collected only 13.3 million dollars, and now Ecuador is preparing to <a href="https://www.ipsnews.net/2013/08/civil-society-calls-for-vote-on-drilling-in-ecuadors-yasuni-park/" target="_blank">allow drilling to proceed</a>.</p>
<p>&#8220;A new road has already been blasted through the region,&#8221; Jenkins said.</p>
<p>Roads inevitably lead to deforestation, with negative impacts on local indigenous communities, he added. The <a href="https://www.ipsnews.net/2013/06/isolated-amazon-indians-under-pressure-in-ecuador/" target="_blank">Tagaeri and Taromenane indigenous peoples</a> live in voluntary isolation in the region.</p>
<p>Oil drilling using extended reach technology could minimise the damage, by eliminating the need for roads. It is not necessarily more costly, but not all companies have the expertise to do it, he said.</p>
<p>&#8220;If the oil is going to be drilled, then it&#8217;s up to the Ecuadorian government to make sure companies make the minimum impact,&#8221; said Jenkins.</p>
<p>There are parts of the world that are simply more important than others when it comes to biodiversity. Yasuní is one. &#8220;Either species are protected from extinction, or they are gone forever and no one will ever experience them again,&#8221; he stressed. &#8220;I personally think it is immoral to allow species to go extinct.&#8221;</p>
<p><em>* This story was originally published by Latin American newspapers that are part of the Tierramérica network.</em></p>
<div id='related_articles'>
 <h1 class="section">Related Articles</h1>
<ul>

<li><a href="http://www.ipsnews.net/2013/09/qa-room-for-negotiation-in-decisive-battle-over-the-amazon/" >Q&amp;A: Room for Negotiation in Decisive Battle over the Amazon</a></li>
<li><a href="http://www.ipsnews.net/2013/08/civil-society-calls-for-vote-on-drilling-in-ecuadors-yasuni-park/" >Civil Society Calls for Vote on Drilling in Ecuador’s Yasuní Park</a></li>
<li><a href="http://www.ipsnews.net/2013/08/highway-through-national-park-sparks-protest-in-brazil/" >Highway through National Park Sparks Protest in Brazil</a></li>
<li><a href="http://www.ipsnews.net/2013/06/ecuadors-fragile-paramo-ecosystem-threatened-by-climate-change/" >Ecuador’s Fragile Páramo Ecosystem Threatened by Climate Change</a></li>
<li><a href="http://www.ipsnews.net/2010/11/environment-ecuador-plenty-of-promises-but-little-cash-for-leaving-oil-untapped/" >ENVIRONMENT-ECUADOR: Plenty of Promises but Little Cash for Leaving Oil Untapped &#8211; 2010</a></li>
<li><a href="http://www.ipsnews.net/news/environment/biodiversity/" >Biodiversity – More IPS Coverage</a></li>
</ul></div>		<p>Excerpt: </p>Panama, Costa Rica, Ecuador, northern Peru and the Caribbean islands are areas that need urgent protection in order to achieve the global biodiversity conservation targets set for 2020, a new study shows. ]]></content:encoded>
			<wfw:commentRss>https://www.ipsnews.net/2013/09/if-you-want-to-conserve-biodiversity-protect-latin-america/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Civil Society Calls for Vote on Drilling in Ecuador’s Yasuní Park</title>
		<link>https://www.ipsnews.net/2013/08/civil-society-calls-for-vote-on-drilling-in-ecuadors-yasuni-park/</link>
		<comments>https://www.ipsnews.net/2013/08/civil-society-calls-for-vote-on-drilling-in-ecuadors-yasuni-park/#respond</comments>
		<pubDate>Sat, 24 Aug 2013 14:25:15 +0000</pubDate>
		<dc:creator>Angela Melendez</dc:creator>
				<category><![CDATA[Active Citizens]]></category>
		<category><![CDATA[Civil Society]]></category>
		<category><![CDATA[Development & Aid]]></category>
		<category><![CDATA[Economy & Trade]]></category>
		<category><![CDATA[Editors' Choice]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Environment]]></category>
		<category><![CDATA[Headlines]]></category>
		<category><![CDATA[Human Rights]]></category>
		<category><![CDATA[Indigenous Rights]]></category>
		<category><![CDATA[Latin America & the Caribbean]]></category>
		<category><![CDATA[Natural Resources]]></category>
		<category><![CDATA[Poverty & SDGs]]></category>
		<category><![CDATA[Projects]]></category>
		<category><![CDATA[Regional Categories]]></category>
		<category><![CDATA[TerraViva Europe]]></category>
		<category><![CDATA[TerraViva United Nations]]></category>
		<category><![CDATA[Trade & Investment]]></category>
		<category><![CDATA[Confederation of Indigenous Nationalities of Ecuador (CONAIE)]]></category>
		<category><![CDATA[Ecuador]]></category>
		<category><![CDATA[Friends of the Earth]]></category>
		<category><![CDATA[Ishpingo]]></category>
		<category><![CDATA[Millennium Development Goals (MDGs)]]></category>
		<category><![CDATA[Poverty & MDGs]]></category>
		<category><![CDATA[Rafael Correa]]></category>
		<category><![CDATA[Tambococha and Tiputini (ITT)]]></category>
		<category><![CDATA[The Amazon]]></category>
		<category><![CDATA[Yasuni Initiative]]></category>
		<category><![CDATA[Yasuní National Park]]></category>

		<guid isPermaLink="false">http://www.ipsnews.net/?p=126809</guid>
		<description><![CDATA[The Ecuadorean government’s decision to allow oil drilling in the Yasuní National Park, one of the most biodiverse areas of the planet, has caused alarm among environmentalists and indigenous people, who are calling for a referendum on the issue. President Rafael Correa ordered the shelving of the Yasuní-ITT Initiative, a plan to leave oil reserves [&#8230;]]]></description>
		
			<content:encoded><![CDATA[<p><font color="#999999"><img width="300" height="199" src="https://www.ipsnews.net/Library/2013/08/Ecuador-small-300x199.jpg" class="attachment-medium size-medium wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.ipsnews.net/Library/2013/08/Ecuador-small-300x199.jpg 300w, https://www.ipsnews.net/Library/2013/08/Ecuador-small.jpg 629w" sizes="auto, (max-width: 300px) 100vw, 300px" /><p class="wp-caption-text">The ecosystem and indigenous people of Yasuní Park are in danger, environmentalists warn. Credit: Iniciativa Yasuní-ITT</p></font></p><p>By Ángela Meléndez<br />QUITO, Aug 24 2013 (IPS) </p><p>The Ecuadorean government’s decision to allow oil drilling in the Yasuní National Park, one of the most biodiverse areas of the planet, has caused alarm among environmentalists and indigenous people, who are calling for a referendum on the issue.</p>
<p><span id="more-126809"></span>President Rafael Correa ordered the shelving of the Yasuní-ITT Initiative, a plan to leave oil reserves underground in the Amazon rainforest park in return for international compensation.</p>
<p>He complained that only 13.3 million dollars were contributed by companies, individuals and countries to a trust fund administered by the United Nations since 2007, towards a final goal of 3.6 billion dollars.</p>
<p>The decision announced Aug. 15 gives the state-run oil company Petroamazonas the green light to commence exploration in up to one percent of the area of the park, according to the decree that ended the Yasuní-ITT Initiative.<div class="simplePullQuote">No green funds<br />
<br />
Karen Orenstein, international policy analyst with Friends of the Earth U.S., told IPS “the fact that developed countries haven’t fulfilled their end of the bargain is not at all a surprise.<br />
<br />
“One needs to look no further than the virtually empty coffers of the world’s newest multilateral climate fund – the U.N.’s Green Climate Fund – to see that rich countries don’t put their money where their mouths are when it comes to providing funds for developing countries to confront the climate crisis caused by developed countries. <br />
<br />
“This is especially true for the United States, which is historically the largest climate polluter of all but is miserly when it comes to international climate finance.”<br />
<br />
Industrialised nations agreed to donate 100 billion dollars a year in private and public financing to the Green Climate Fund, set up by the U.N. in 2010 to help developing countries mitigate and adapt to climate change.<br />
<br />
The Fund has established a secretariat in South Korea and is to be operational by the end of 2014. But fundraising has been extremely slow, and most of the hard contributions to date have gone to start-up costs.<br />
<br />
Nevertheless, some are hoping for significant pledges at the end of the year, when the Conference of the Parties to the U.N. Framework Convention on Climate Change (COP 19) will be held in Warsaw. <br />
<br />
Over and above the financial issues, “Petroleum extraction in Yasuní National Park would be a slap in the face to the environmental and social movements – in Ecuador and worldwide – that have championed this initiative,” Orenstein said.<br />
</div></p>
<p>Opponents warn of the effects on the fauna, flora, and native peoples in voluntary isolation &#8211; the Tagaeri and the Taromenane &#8211; if drilling goes ahead in Ecuador&#8217;s largest protected area, covering 982,000 hectares.</p>
<p>On Thursday Aug. 22, the Confederation of Indigenous Nationalities (CONAIE), the Confederation of Peoples of Kichwa Nationality (ECUARUNARI), the Confederation of University Students, and environmental organisations like Acción Ecológica presented a proposal for a referendum to the Constitutional Court.</p>
<p>They will need to collect 584,000 signatures – five percent of all registered voters in this country of 15 million people &#8211; in support of the petition.</p>
<p>In the proposed referendum, voters would be asked: “Do you agree that the Ecuadorean government should keep the crude in the ITT, known as block 43, underground indefinitely?”</p>
<p>President Correa urged people to collect signatures, and said he was sure that his own proposal to extract crude from Yasuní, for the purpose of boosting public expenditure, would win in a referendum.</p>
<p>The government says an area of less than one-thousandth of Yasuní park, situated in the north of the country, will be affected.</p>
<p>It also claims the isolated native communities will not be impacted, since the fields to be exploited (Ishpingo, Tambococha and Tiputini &#8211; the ITT) are far from the area declared the “untouchable zone”, where they live.</p>
<p>José Lema, the president of the association of geological engineers of Ecuador, told IPS that it is possible that oil could be extracted as the government proposes.</p>
<p>He cited the work Petroamazonas is doing in the Pañacocha field, located in another nature reserve in the north of the country, which has received international recognition for environmental best practices.</p>
<p>&#8220;Petroamazonas is carrying out similar work there, and it has had only temporary impacts while building the oil pipeline,&#8221; he said.</p>
<p>The expert believes the first thing to be done is to carry out a new assessment of the area in order to redesign the drilling plan.</p>
<p>&#8220;There may be changes, because the methodology that was first used (in 1993) was a two-dimensional seismic survey…that determined reserves of 920 million barrels of crude,” he said.</p>
<p>&#8220;But once more detailed information is available, there will be a more precise volume assessment, which will no doubt be greater than the original estimate,&#8221; he said.</p>
<p>In Lema´s view, the main task will be to adapt the oil rigs that are already in the park, and to bring in equipment for the installation. Then the wells will have to be drilled and the oil pipeline built.</p>
<p>&#8220;Every project creates disturbances; the aim is to reduce them as much as possible by using the best technology,&#8221; he said.</p>
<p>Wilson Pástor, a former minister of non-renewable resources in the left-leaning administration of Correa, who took office in 2007, says the concerns are unfounded because oil is already being extracted in the park.</p>
<p>&#8220;Block 31, which was explored by (Brazilian oil company) Petrobras and now belongs to Petroamazonas, is located within the park,&#8221; he said.</p>
<p>He also noted that the Pañacocha field produces 18,000 barrels per day, but the crude is not processed in any way within the protected area.</p>
<p>&#8220;The same approach will be used with ITT, since there are already seven oil rigs in the area,&#8221; and cluster wells will be drilled. &#8220;Previously, one well per platform would be drilled, but now 25 wells are drilled from each rig, occupying less space,&#8221; he said.</p>
<p>In Pástor’s view, the most polluting activity is the treatment and separation of water, gas and oil, which mean &#8220;in practice setting up a refinery, and the refinery will not be built in the ITT…so the entire intervention will only affect 190 hectares.&#8221;</p>
<p>He added that electricity will not be generated in the field and the oil pipeline will not affect the park, as it will be buried in a trench three metres wide filled with biodegradable material.</p>
<p>Evidently, the drilling plans already existed</p>
<p>The former minister also said that oil exploitation would have an additional benefit for the park. &#8220;Today, the Yasuní lacks strong institutions to control access to the park, but if Petroamazonas begins work here there will be resources to protect it,&#8221; he said.</p>
<p>According to government forecasts, the Tiputini field will produce its first barrels of crude in two years&#8217; time, Tambococha 12 months later, and Ishpingo a year after that.</p>
<p>But civil society organisations are not convinced by the arguments put forward by Correa and his government.</p>
<p>María Paula Romo, of the left-wing party Ruptura 25, who is a former member of the constituent assembly that rewrote the constitution, argues that the government is violating article 57 of the constitution, which bans extraction activities in the territories of isolated peoples.</p>
<p>The article says: &#8220;The territories of the peoples living in voluntary isolation are an irreducible and untouchable ancestral possession and all forms of extractive activities shall be forbidden there. The state shall adopt measures to guarantee their lives, enforce respect for self-determination and their intention to remain in isolation, and ensure observance of their rights.&#8221;</p>
<p>It adds that &#8220;the violation of these rights shall constitute a crime of ethnocide, which shall be classified as such by law.&#8221;</p>
<p>Romo told IPS, &#8220;Before talking about specifications for wells, the first step is to ask how entry into forbidden territory can be justified in the light of the constitution.&#8221;</p>
<p>The justice minister, Lenín Lara, said there are no isolated communities in the oilfields where drilling is planned.</p>
<p>But environmental experts and academics refute this claim.</p>
<p>&#8220;The Taromenane are hemmed in on every side. And even if the work is done with the best technology, pressure is going to be put on these peoples,&#8221; said journalist and filmmaker Carlos Andrés Vera.</p>
<p>With reporting by Carey L. Biron in Washington, D.C.</p>
<div id='related_articles'>
 <h1 class="section">Related Articles</h1>
<ul>
<li><a href="http://www.ipsnews.net/2013/06/isolated-amazon-indians-under-pressure-in-ecuador/" >Isolated Amazon Indians Under Pressure in Ecuador</a></li>
<li><a href="http://www.ipsnews.net/2013/05/ecuadors-indigenous-people-still-waiting-to-be-consulted/" >Ecuador&#039;s Indigenous People Still Waiting to be Consulted</a></li>
<li><a href="http://www.ipsnews.net/2011/07/ecuador-fate-of-untapped-oil-hangs-in-the-balance-of-trust-fund/" >ECUADOR: Fate of Untapped Oil Hangs in the Balance &#8211; of Trust Fund</a></li>
<li><a href="http://www.ipsnews.net/2010/11/environment-ecuador-plenty-of-promises-but-little-cash-for-leaving-oil-untapped/" >ENVIRONMENT-ECUADOR: Plenty of Promises, but Little Cash for Leaving Oil Untapped</a></li>
</ul></div>		]]></content:encoded>
			<wfw:commentRss>https://www.ipsnews.net/2013/08/civil-society-calls-for-vote-on-drilling-in-ecuadors-yasuni-park/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Money Versus Health: the Yasuni Story</title>
		<link>https://www.ipsnews.net/2012/10/money-versus-health-the-yasuni-story/</link>
		<comments>https://www.ipsnews.net/2012/10/money-versus-health-the-yasuni-story/#respond</comments>
		<pubDate>Mon, 01 Oct 2012 09:48:41 +0000</pubDate>
		<dc:creator>Hazel Henderson</dc:creator>
				<category><![CDATA[Economy & Trade]]></category>
		<category><![CDATA[Environment]]></category>
		<category><![CDATA[Global Governance]]></category>
		<category><![CDATA[Natural Resources]]></category>
		<category><![CDATA[Rafael Correa]]></category>
		<category><![CDATA[Rio+20]]></category>
		<category><![CDATA[The Future We Want]]></category>
		<category><![CDATA[Yasuni Initiative]]></category>

		<guid isPermaLink="false">http://www.ipsnews.net/?p=113633</guid>
		<description><![CDATA[In 2007 Ecuador&#8217;s president, Rafael Correa, sponsored the Yasuni Initiative to end oil prospecting in the vast Yasuni National Park, thereby preventing some 400 million tonnes of carbon emissions, if the international community or the United Nations would compensate Ecuador for half of the unrealised oil revenues (an estimated 13 billion dollars over 13 years). [&#8230;]]]></description>
		
			<content:encoded><![CDATA[<p>By Hazel Henderson<br />SAINT AUGUSTINE, Oct 1 2012 (IPS) </p><p>In 2007 Ecuador&#8217;s president, Rafael Correa, sponsored the Yasuni Initiative to end oil prospecting in the vast Yasuni National Park, thereby preventing some 400 million tonnes of carbon emissions, if the international community or the United Nations would compensate Ecuador for half of the unrealised oil revenues (an estimated 13 billion dollars over 13 years).<span id="more-113633"></span></p>
<div id="attachment_113765" style="width: 278px" class="wp-caption alignright"><a href="https://www.ipsnews.net/2012/10/money-versus-health-the-yasuni-story/hazelhenderson/" rel="attachment wp-att-113765"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-113765" class=" wp-image-113765" title="HazelHenderson" src="https://www.ipsnews.net/Library/2012/10/HazelHenderson-300x289.jpg" alt="" width="268" height="258" srcset="https://www.ipsnews.net/Library/2012/10/HazelHenderson-300x289.jpg 300w, https://www.ipsnews.net/Library/2012/10/HazelHenderson-1024x989.jpg 1024w, https://www.ipsnews.net/Library/2012/10/HazelHenderson-488x472.jpg 488w, https://www.ipsnews.net/Library/2012/10/HazelHenderson.jpg 1518w" sizes="auto, (max-width: 268px) 100vw, 268px" /></a><p id="caption-attachment-113765" class="wp-caption-text">Hazel Henderson</p></div>
<p>Spain donated 1.4 million dollars, Italy cancelled 51 million dollars of Ecuador&#8217;s debt, following Norway&#8217;s 20 million-dollar cancellation. Germany and France contributed token amounts along with Chile, Colombia, Georgia and Turkey. U.S. and European NGOs added their support.</p>
<p>Sadly, however, this innovative effort is faltering because of the ongoing world financial crisis. The deeper reason lies in the murky secrets of money-creation and how this financial sleight-of-hand enabled financial players to take control of politicians even in democracies.</p>
<p>Saving Yasuni and averting further social, financial, and environmental crises now urgently requires unmasking the mysteries of money.</p>
<p>Worldwide, we see thousands of sensible proposals ­ for re-vitalising communities, investing in new infrastructure, re-training, and green jobs, preventive health, public education, restoring ecosystems, protecting public parks ­ all blocked by politicians, economists, and financiers with the same cry: Where&#8217;s the money going to come from?</p>
<p>Even worse, we see central banks printing money to bailout past mistakes of financiers instead of directing it to the real economy while politicians crush taxpayers with budget and job cuts demanded by bond vigilantes and their rating agency allies.</p>
<p>Saving Yasuni can help us finally connect all the dots by revealing the truth: money is not wealth and only has value if we believe and trust it. Currencies are simply information systems that track and keep score of human priorities and interactions with each other and with nature&#8217;s riches.</p>
<p>Yet this money symbol system has morphed from a useful accounting tool into a fetish that dominates our minds, our communities, and national decision-making while hampering sustainable forms of development and more realistic global policies ­including protecting Yasuni and other ecological treasures for our common future.</p>
<p>The United Nations Rio+20 Earth Summit of July, 2012, helped its 193 country members and many city and provincial governments to connect many of the dots needed to overcome faulty economics and its money-based paradigm. Its outcome document, &#8220;The Future We Want&#8221;, articulated their vision for people-centred, just, green economies based on ecological sustainability and renewable energy and resources and on the protection of the biodiversity on which all humanity relies.</p>
<p>However, the conference did not illuminate the money paradigm standing in the way of these goals.</p>
<p>Once we clearly affirm that while money is a useful tool it is not real wealth, we can see how it can be re-directed away from all the mal-investments in fossil fuels, nuclear weapons, and subsidising such destructive technologies of the past. As the Green Transition Scoreboard shows, some 3.3 trillion dollars has already been re-directed by private investors worldwide since 2007 into renewable solar, wind, geothermal, water energies and far greater efficiencies, as well as green buildings, public transport, and smarter cities and land-use, proving how humans can change their minds and redirect their money towards a cleaner, greener, more equitable future.</p>
<p>To similarly change the minds of our politicians requires directly confronting financial centres, economists, and business schools and re-training asset managers that still control our pensions, public and private.</p>
<p>The Occupy movement and the Arab Spring demanded that we create true democracies and end the dictatorship of money and finance. We are changing our scorecards of progress from money-based gross domestic product (GDP) and stock markets to broader indicators of health, education, infrastructure, poverty gaps, and the environment such as the Integrated Wealth Index (IWI) released at Rio+20, the Better Life Index of the Organisation for Economic Cooperation and Development (OECD), Canada&#8217;s Index of Wellbeing, Bhutan&#8217;s gross national happiness index (suitable mainly for small Buddhist countries), and the Calvert-Henderson Quality of Life Indicators.</p>
<p>We are auditing the U.S. Federal Reserve and calling central bankers and their allies in finance to account, confronting the errors in their core business models and metrics.</p>
<p>Many challengers see beyond the money-game rigged by insiders and the powerful, based on scarcity, fear, and competition and instead point to the unpaid Love economies, gifting, and the new open source movements, all based on sharing, cooperation, creating community wealth and abundance powered by the sun. These unpaid sectors of the global economy are now larger than the paid economies officially measured by GDP. We can think beyond the paradigms of the Washington Consensus, the International Monetary Fund, the World Bank and the World Trade Organisation (all based on money measures like GDP). We can shift to Life&#8217;s Principles and Ethical Biomimicry Finance and invest in all such companies waiting for our re-directed focus on holistic, healthy investing.</p>
<p>We can envision a Gaian League of small countries that have rejected the Washington Consensus and are transitioning to healthier forms of local development, opting out of the global casino, such as Iceland, Bhutan and Ecuador, where they already value their Yasuni National treasure.</p>
<p>We and many NGOs support this kind of alternative, also promoted by the World Social Forum: Another World Is Possible. The breakdown of the corrupt, malfunctioning global casino is driving these new breakthroughs! Come join us!<br />
(END/COPYRIGHT IPS)</p>
<p>* Hazel Henderson is president of Ethical Markets Media (U.S. and Brazil), publisher of the Green Transition Scoreboard and author of &#8220;Building a Win-Win World&#8221; and other books.</p>
<p><strong>This column is available for visitors to the IPS website only for reading. Reproduction in print or electronic media is prohibited. Media interested in republishing may contact romacol@ips.org</strong></p>
		]]></content:encoded>
			<wfw:commentRss>https://www.ipsnews.net/2012/10/money-versus-health-the-yasuni-story/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
