Entries in ecuador (9)

Monday
Jul242017

Top 5 Cheap  Destinations

Want to travel this summer but worried about the cost? No problem! Check out our 5 recommendations for some insane destinations that you can visit on a budget...

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Friday
Sep072012

Science Club: Your Weekly Dose

This is your chance to catch up with this week's Science Club, lovingly maintained by our fantastic team of in-house scientists and journalists to deliver the most interesting and important science news from around the world to you, our lovely readers. So what's been going on...

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Sunday
Jul082012

Project of the Week: Ecuador 

One of South America’s tiniest countries, Ecuador offers a pocket-sized punch of vibrant cultural inheritance and tropical diversity. Straddling the equator from which its name derives, Ecuador runs from the Amazon basin to the white beaches of its Pacific coast with Andean volcanoes and tropical jungles filling its brimming borders.

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Friday
Jun292012

Project of the Week: South America Ethical Adventure Trail

See the outstanding natural beauty and ancient civilisations of Ecuador, Peru, and Bolivia on Frontier’s South America Ethical Adventure Trail.

 

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Friday
Jun012012

Project of the Week: Ecuador Projects

Ecuador is such a great country and we’ve got so many amazing projects out there, from environmental conservation to community teaching. So great is our selection that it proved too tricky to pick just one as project of the week. Therefore, this week we’re going to give you a little taste of a few options open to you in this wonderful country.

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Friday
May042012

Project of the Week: South America Ethical Trail

 

Our project of the week this week is the South America Ethical Trail –a perfect combination for eager travellers. So we thought it was only right to look at this amazing continent and check out all the best things to do, see and eat in South America.

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Tuesday
Jan312012

Equator: South America

This week Into the Wild is tracing the Equator around the world highlighting the best sites, amazing wildlife and a taste of the cultures and festivities which all flourish along this imaginary line. Today we’re following the Equator across South America. We’ll be stopping off in the Galapagos Islands, Ecuador, Columbia and Brazil which all straddle the latitude of zero degrees.

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Friday
Oct072011

FRONTIER SOUTH AMERICA FOCUS: ECUADOR AND THE GALÁPAGOS ISLANDS

Named due to its position directly above the equator, Ecuador is a wildlife enthusiast’s dream. Despite being the second smallest country in South America, Ecuador is one of the 17 mega-diverse countries in the world, boasting a large proportion of endemic species.

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Thursday
Sep012011

Yasuní and the True Value of the Environment

Attaching a financial value to the environment has long been talked of as a potential solution to our destructive exploitation of the Earth’s natural resources. The outcome of the Yasuní situation will be an excellent indicator as to the ability of this economic approach to make a significant difference to conservation.

Image @Geoff Gallice

Many will claim that it is impossible to attach a monetary value to the natural world. But the Ecuadorian government has done just that. When an enormous oil field worth approximately $7-10bn was discovered beneath the Yasuní National Park, an area considered by many scientists to be the most bio-diverse region on the planet, the country faced a dilemma; cash in on the oil reserve and let an area of unparalleled environmental significance be destroyed, or resist the cash incentives offered by the oil companies and conserve the area.

Ecuador is a country facing poverty on a large scale, with approximately 33% of the population below the national poverty line; an issue that could potentially be addressed with the correct usage of profits from the Yasuní oil extraction. With this issue to consider, at no point has this been a simple choice between money and morals for the government to make. However, the tough decision was made, with neither of these options being taken. Former oil minister Alberto Acosta, a European-trained economist heavily involved in government policy at the time, was placed in charge of the future of Yasuní. His well-documented decision was to challenge the rest of the world to donate half of the value of the oil ($3.6bn) over 13 years, or they would give the go-ahead for oil companies to begin extraction. Acosta said: "We will leave the oil in the ground and save the forest and the people if you, the world, make a financial contribution.”

This remarkable ultimatum has been backed by 78% of Ecuador’s population, an amazing percentage considering the fact that a significant number of them are suffering the effects of poverty. As well as the support of the public, the plan has been declared a ‘safe environmental investment’ by the UN, which has also agreed to administer the Ishpingo Tambococha Tiputini (ITT) Fund, established in August 2010. The plan is intended to avoid what has been dubbed the “oil curse”, a phenomenon that has seen oil rich, developing countries remain poor after having proceeded with the extraction of their oil reserves. The global community has until December 2011 to come up with $100m as a downpayment on the deal. On 14 August, The Observer claimed that $40m had been raised so far, with Chile, Peru, Spain, and Italy having made significant contributions.

The financial valuation of the environment is clearly a difficult thing to do. A recent attempt in the UK by The National Ecosystem Assessment (NEA) aimed to put a price on Britain’s natural environment. Professor Ian Bateman, of the University of East Anglia, and one of the study's lead authors, said: "Why would we want to put economic values on environmental goods and services? It's very simple – it's to ensure their incorporation on equal footing with the market-priced goods which currently dominate decision-making." Clearly this is very different from the situation in Ecuador. But the principle is similar; Oil has a clearly defined value on the world market, whereas a value has never been attached to the land ruined by the extraction of this valuable commodity. Therefore, like in the case of the British countryside, this land has never been on equal footing with the market-priced oil, and has therefore never stood a chance of competing with it.

The situation in Ecuador has forced the government to put a price tag on this land. It is interesting that the price they chose is half that of the oil beneath it: a good illustration of what we consider most important and valuable. However, this price need not necessarily be an accurate valuation of the land (how do you value unique and pristine rainforest with more species per hectare than in any other place?) Rather, the important thing is that the Ecuadorian government receives adequate compensation, and more important still, that the area is protected.

You can donate and follow the latest news regarding the Yasuní situation online.

By Alex Prior