Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum
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 t...
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| Format: | Journal article |
| Language: | English |
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Elsevier
2010
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| _version_ | 1797084177596678144 |
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| author | Rival, L |
| author2 | International Society for Ecological Economics (ISEE) |
| author_facet | International Society for Ecological Economics (ISEE) Rival, L |
| author_sort | Rival, L |
| collection | OXFORD |
| description | 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 and calculations offered by a range of social actors highlights the relevance of morally framed evaluations in defining the future economic use of the park. I show how an anthropological perspective may complement ecological economics and various political and economic approaches to development policy, and enrich our understanding of the specific challenges posed by the design of economic instruments for the protection of ecological wealth in Latin American countries poor in financial capital, but rich in biological diversity. |
| first_indexed | 2024-03-07T01:51:43Z |
| format | Journal article |
| id | oxford-uuid:9a510693-0c7a-476d-b68a-fa086580e85e |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:51:43Z |
| publishDate | 2010 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | oxford-uuid:9a510693-0c7a-476d-b68a-fa086580e85e2022-03-27T00:20:34ZEcuador's Yasuní-ITT Initiative: the old and new values of petroleumJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:9a510693-0c7a-476d-b68a-fa086580e85eDevelopment and Refugees (see also Sociology)AnthropologyInternational and macro-economic developmentEnglishOxford University Research Archive - ValetElsevier2010Rival, LInternational Society for Ecological Economics (ISEE)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 and calculations offered by a range of social actors highlights the relevance of morally framed evaluations in defining the future economic use of the park. I show how an anthropological perspective may complement ecological economics and various political and economic approaches to development policy, and enrich our understanding of the specific challenges posed by the design of economic instruments for the protection of ecological wealth in Latin American countries poor in financial capital, but rich in biological diversity. |
| spellingShingle | Development and Refugees (see also Sociology) Anthropology International and macro-economic development Rival, L Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum |
| title | Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum |
| title_full | Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum |
| title_fullStr | Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum |
| title_full_unstemmed | Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum |
| title_short | Ecuador's Yasuní-ITT Initiative: the old and new values of petroleum |
| title_sort | ecuador s yasuni itt initiative the old and new values of petroleum |
| topic | Development and Refugees (see also Sociology) Anthropology International and macro-economic development |
| work_keys_str_mv | AT rivall ecuadorsyasuniittinitiativetheoldandnewvaluesofpetroleum |