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Nearly $300Million Pledged Worldwide To Save Ecuador Rainforest

Conservation Strategy Making Strides

Using an innovative conservation strategy, Ecuador is now steps closer to collecting a goal of $3.6Billion (US) over the next 13 years to save the Ishpingo-Tambococha-Tiputini Park (ITT) from oil exploration–one of the most biologically rich areas of rainforest in the world. So far nearly $300Million has been pledged to the small South American country, from nations, corporations and foundations from around the world.

“Developing countries depend on [oil] so much that they do not develop anything else. It breeds corruption and the poor pay the price. The only benefit traditionally go to the elites”, says Ivonne Baki, head of the Yasuní-ITT negotiating party.

Money raised will go towards social and renewable energy projects that support rainforest protection and conservation.

To read the article in it’s entirety from The Guardian, click here.

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