The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Yasuni - ITT initiative - environmentally principled and innovative

 

L-R Ambassador Jose Valencia, Mr Xavier Huayamave and Ms Nancy Rubio from the Embassy of Ecuador; Ms Tapiwa Puling, Director Inland Operations, Department of Environmental Affairs, Ms Elise Haber, Deputy Director WSSD, Department of International Relations and Cooperation and Ms Vinny Pillay, Chief Director Overseas Bilateral Co-operation, Department of Science and Technology.

 

The US $4 billion Yasuni - ITT Initiative fund is relatively small compared to the bailouts that are currently being paid out to banks and other financial institutions said Ambassador Jose Valencia of Ecuador to South Africa.
He was speaking at a breakfast presentation in Pretoria outlining the details of the Initiative.
In 2008 Ecuador announced at the United Nations (UN) that it has made a decision to forego the extraction of 846 million barrels of oil at a current value of approximately U$ 7 billion in income that lie underneath the Yasuni National Park, in order to preserve the natural reserve as a legacy.
This pioneering and innovative concept has already raised in the region of US $ 350 million since it was initiated in 2011 and hopes to reach its target over the next five years.
Administered by the United Nations Development Programme (UNDP) everyone is eligible to contribute to the fund. The fund is already being used for renewable energy and other social projects.
The Yasuni National Park is where the Ishpingo-Tambococha-Tiputini (ITT) underground oil fields are located.
It is considered as one of the most biodiverse places on Earth and is home to indigenous communities living in voluntary isolation preserving their ancient cultures, traditions and language.
In the spirit of co-responsibility, Ecuador is seeking support for this initiative.

Visit  www.yasunisupport.org for further information

 


 
 
 
 

_________________________________________________

February 2017 Edition

 border = 0
_________________________________________________

Translater


 
 
Slide-0
Slide-1
Slide-2
Slide-3
Slide-4
Slide-5
Slide-6
Slide-7
Slide-8
Slide-9
Slide-10
Slide-12
Slide-13
Slide-14
01/14 
start stop bwd fwd
 
 

Shaping the global order – foreign policy beyond crisis management 17 February 2017 South African International Relations and Cooperation Minister Maite Nkoana-Mashabane concluded a successful... <|> Redistribution of Powers: New Stage of Kazakhstan’s Democracy Development 23 February 2017 By the end of February 2017 the project on constitutional reform in Kazakhstan will be presented for... <|> Red Cross Humanitarian Diplomacy:  Providing  Humanitarian Relief for 150 years By Srimal Fernando Global EditorThe Diplomatic Society  Looking back at the past  hundred... <|> Oslo & Bergen Travel Expos 2017: Successful Promotion of South Africa 24 February 2017 The South African Mission in Oslo, Norway participated in the annual Oslo Travel Expo 13-15 January 2017,... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Gauteng to convert public buildings into economic precincts 1 March 2017 Johannesburg – The Gauteng provincial government wants to convert some of its public buildings, including schools, clinics... <|> Sound of Buenos Aires comes to Africa 27 February 2017 Blending the sensuality of tango and the improvisation of jazz, Latin Grammy-nominated Argentinian band Escalandrum has created a sound that... <|> Extension of the Gautrain rail network 1 March 2017 Pretoria – The Gauteng Department for Roads and Transport supports the principle of an extension of the Gautrain rail network extension, as it... <|> Thailand Armed Forces Day 28 February 2017 Col Pannawat Boonchai, Thailand Defence Attaché hosted a reception to commemorate the Royal Thai Armed Forces Day. The Royal Thai Armed Force’s actual... <|> ITEC Day of India 25 February 2017 The High Commissioner of India, Mrs. Ruchi Ghanashyam hosted a reception in Pretoria to commemorate ‘ITEC Day 2016-17’. In her welcoming remarks High... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.