By Guy Edwards and Keith Madden
This year Ecuadorian President Rafael Correa terminated the Yasuní-ITT Initiative following the lack of international support. Ecuador proposed to keep 846 million barrels of “oil in the soil” under the Yasuní national park in exchange for compensation from the international community. However, in a country where oil revenues cover over one-third of the national budget, Ecuador’s government decided it could wait no longer for the international community to donate the funds.
Consequently, “Plan B” is now in motion, which will likely see the exploitation of three new oil blocks in the Yasuní national park, roughly 20% of Ecuador’s oil reserves, with an estimated value of $18 billion. At the heart of this shift in national policy is Ecuador’s massive $10 billion debt to China, which is to be repaid in oil. In this context of structural dependence between the two countries, Ecuador’s recent alliance with China at the UN climate change negotiations is perhaps not surprising, but it is of serious concern.
By Linlang He
Will China break the impasse in the negotiations?
Yesterday morning’s High-Level Forum on Climate Change at China Pavilion clearly lifted the spirits of its participants. Head Delegate of the China Delegation Mr. Xie Zhenhua, together with leaders from the World Bank, the UK and the EU, summarized China’s current achievements in energy efficiency and renewable energy development, reaffirmed the need for a greener growth and urged developed countries to “play from their hearts”.
By Linlang He
“This world demands the qualities of youth- not a time of life but a state of mind: a temper of the will, a quality of imagination, a predominance of courage over timidity, of the appetite for adventure over the life of ease”
– Robert F. Kennedy, “Day of Affirmation”
Cape Town, South Africa, 6 June 1966
The International Youth Climate Movement (IYCM) was first developed during COP11 at Montreal in 2005, referring to “an international network of youth organizations that collectively aims to inspire, empower and mobilize a generational movement of young people to take positive action on climate change”. Over the years, IYCM has offered its membership to coalitions and networks in over 100 countries. Each coalition or network within IYCM has had the opportunity to send a delegation to the United Nations Framework Convention on Climate Change (UNFCCC). Indeed, China Youth Climate Action Network (CYCAN) became known to the world by attending the COP15 in Copenhagen in 2009 as a member of IYCM. Continue reading