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Ecuador plans to leave almost a billion barrels of oil in the ground below the Yasuni National Park, in return for US$3.6 billion or about half of the market value of the oil. It’s been hailed as “The world’s first really green oil deal”. In 2008, the German Parliament agreed to support the Yasuni initiative. But now Germany’s Minister for Economic Development and Cooperation, Dirk Niebel, says Germany “will not consider payment into the trust fund”.
CONFENIAE, the confederation of indigenous peoples from the Ecuadorian Amazon (the Ecuadorian member organization of COICA), issued a statement on 3 August 2009 which strongly rejects REDD: “We reject the negotiations on our forests, such as REDD projects, because they try to take away our freedom to manage our resources and also because they are not a real solution to climate change, on the contrary, they only make it worse.”
For those who have been to previous UN Climate Conferences, the following will be of no surprise. This afternoon, both the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA) and the Subsidiary Body for Scientific and Technological Advice (SBSTA) failed to discuss REDD, although it was on the agenda for both groups. |
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