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Lost Opportunities: Ecuador's Yasuní Itt Initiative, Julianna Hitchins

Pomona Senior Theses

In 2007, President Rafael Correa of Ecuador proposed the Yasuní ITT Initiative at the United Nations General Assembly in an effort to contribute to the reduction of carbon dioxide emissions and the local preservation of biodiversity. The initiative proposed enacting an indefinite ban on oil exploration and extraction within the Ecuadorian Yasuní National Park so long as the developed world was willing to contribute to half the forgone costs of drilling. However, despite initial support, the Yasuní Initiative was unsuccessful, and due to a lack of financial support, Correa terminated the proposal in August 2013.

With the increasing threat of …