This paper consists of an analysis of the failure of the Yasuní-ITT Initiative, examining the internal and external factors that influenced the Initiative’s development, progress and subsequent...Show moreThis paper consists of an analysis of the failure of the Yasuní-ITT Initiative, examining the internal and external factors that influenced the Initiative’s development, progress and subsequent failure. The Yasuní-ITT Initiative was introduced under the Correa government as an environmental project that proposed to discontinue oil extraction in part of the Yasuní National Park in Ecuador, in turn for financial compensation from the international community. As such, it had the opportunity to set an example of global collaboration in conservation by proposing to share the costs and benefits of conservation internationally. While attempting to find an explanation for the Initiative’s failure, this paper taps into the highly topical dilemma between ecologism and economism as faced by the Ecuadorian government.Show less
