Germany Will Not Contribute Financially to Yasuni Reserve, Ecuador

According to EcuaodrInmediato.com Spain and Chile are the largest economic donors to the Yasuni reserve. Earlier this year, Ecuador announced its plan to save the natural reserve of Yasuni from oil exploitation, the Yasuni-ITT project. However, without international help Ecuadorian President Rafael Correa is considering oil drilling. Germany’s Secretary of State, Gudrun Kopp explained that if Germany helped the Yasuni reserve then they would financially liable to other countries in the same situation. The Secretary encourages Ecuador to establish a new framework of environmental projects approved to be covered by the REDD forest program, a United Nations objective. The director of the Yasuni-ITT claims that Germany is influenced politically not to finance Ecuador’s project. The UN Secretary General calls Ecuador to invite all the possible donor country’s heads of State to a meeting where the program is discussed.Read Article