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

Santiago Bucaram, Mario Fernandez and Diego Grijalva ()

No wp-2016-14, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

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.

Keywords: Nonrenewable natural resources; Uncertainty (search for similar items in EconPapers)
Date: 2016
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