e360 digest


26 May 2009: Carbon Plan in Ecuador
Would Leave Jungle Oil Reserves Untapped

Conservationists are working on a plan that would leave a vast oil deposit in the pristine jungle of the Ecuadorean Amazon undeveloped, in exchange for billions of dollars in payments from governments and companies looking to purchase carbon offsets. The oil fields — which contain about 20 percent of Ecuador’s oil reserves — lie under the Yasuni National Park in northeastern Ecuador, an undeveloped area that harbors some of the richest biological diversity on earth. Under the conservation plan, Ecuador would sell certificates on fledgling carbon markets that would allow governments or companies to emit carbon dioxide in amounts equal to the carbon left underground in Yasuni. Scientists have estimated that if the oil extracted from Yasuni was extracted and combusted, it would produce roughly 400 million tons of carbon dioxide; the sale of those carbon offsets could yield the country and the Yasuni Indians $4 billion to $7 billion. Bringing such a plan to fruition faces many hurdles, including the need for a December climate summit in Copenhagen to create the legal mechanisms for such carbon offset projects to operate.


Yale
Yale Environment 360 is
a publication of the
Yale School of Forestry
& Environmental Studies
.

SEARCH e360



Donate to Yale Environment 360
Yale Environment 360 Newsletter

CONNECT


ABOUT

About e360
Contact
Submission Guidelines
Reprints

E360 en Español

Universia partnership
Yale Environment 360 articles are now available in Spanish and Portuguese on Universia, the online educational network.
Visit the site.


DEPARTMENTS

Opinion
Reports
Analysis
Interviews
Forums
e360 Digest
Podcasts
Video Reports

TOPICS

Biodiversity
Business & Innovation
Climate
Energy
Forests
Oceans
Policy & Politics
Pollution & Health
Science & Technology
Sustainability
Urbanization
Water

REGIONS

Antarctica and the Arctic
Africa
Asia
Australia
Central & South America
Europe
Middle East
North America

e360 PHOTO GALLERY

“Cuba
Photographer Robert Wintner documents the exquisite beauty and biodiversity of Cuba’s unspoiled coral reefs.
View the gallery.

e360 MOBILE

Mobile
The latest
from Yale
Environment 360
is now available for mobile devices at e360.yale.edu/mobile.

e360 VIDEO

Warriors of Qiugang
The Warriors of Qiugang, a Yale Environment 360 video, chronicles a Chinese village’s fight against a polluting chemical plant. It was nominated for a 2011 Academy Award for Best Documentary Short.
Watch the video.


header image
Top Image: aerial view of Iceland. © Google & TerraMetrics.

e360 SPECIAL REPORT

“Tainted
A three-part series Tainted Harvest looks at the soil pollution crisis in China, the threat it poses to the food supply, and the complexity of any cleanup.
Read the series.

OF INTEREST



Yale