UN General Assembly
2011

In a parallel event that took place here at the United Nations on 23 September with the support of the Secretary-General and the President, President Rafael Correa reminded the international community about the Yasuní-ITT initiative. The proposal has been enthusiastically received by countries, organizations, citizens, visionaries and leaders from around the world, adding up to significant support from both individuals and the private sector. That response has allowed Ecuador to broaden its initiative in a manner that will transform the governance of public resources at the global level. For example, we have begun to shape the concept of net avoided emissions, which President Correa introduced last year at the Cancún Climate Change Conference. That and the Yasuní-ITT initiative are two visionary proposals from a developing oil- producing nation of the South as a contribution to global challenges in the area of sustainable development. Throughout this session, Ecuador will continue to defend with particular emphasis the right to development, the human right to water, the rights of indigenous peoples, the rights of women, girls and