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

 


 
 
 
 
 
 
 
 
_________________________________________________

Nov/Dec 2017 Edition

 
 
_________________________________________________

Translater


 
 

 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

President Jacob Zuma hosts Madagascar President Rajaonarimampianina 1 November 2017 President Jacob Zuma in his capacity as the Chairperson of SADC has met with the President of the Republic of... <|> South Africa and Comoros meeting 6 November 2017 South African Minister of International Relations and Cooperation Ms Maite Nkoana-Mashabane met with Comoros Foreign Minister Mohamed El-Amine... <|> SA boosts trade with Cuba 7 November 2017 The Havana International Fair will further advance relations between South Africa and Cuba, says Trade and Industry Deputy Minister Bulelani... <|> Cooking Sri Lankan cuisine 7 November 2017 On 27 October Champa Weerasekara, spouse of the Sri Lankan High Commissioner in Pretoria hosted a cooking demonstration and luncheon at her official... <|> 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... <|> Algeria National Day 1 November 2017 Ambassador Abd-El-Naceur Belaid of Algeria hosted a reception to celebrate the 63rd Anniversary of the launching of the Algerian Revolution. He said that it was... <|> Zambia Independence Day 25 October, 2017 Zambia says her democratic credentials have remained admirable since the introduction of multi-party democracy. Zambia’s High Commissioner to... <|>   Successor Ante Portas? 14 December 2017 When recently surfing along the internet in research mode I stumbled across two items – not connected to each other at first glance. On... <|> Commemorating the 160th anniversary of Joseph Conrad Korzeniowski 20 November 2017 The Embassy of the Republic of Poland in Pretoria organized a special screening of the Polish – British film... <|> <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.