Written by Staff Writer
Ecuadoreans have declared 2019 as the “year of the environment.”
Well, they’re saving their best messages for the new year.
In January of 2018, Ecuadoreans ratified the National Green Law, which aims to halve greenhouse gas emissions by 2030.
Known as President Kamuzu Banda’s law, it’s named after the former president of Ghana.
The law allows for the voluntary approval of voluntary mechanisms by individual companies as a means of helping reduce greenhouse gas emissions — it allows companies to avoid environmental fines if they adopt environmental or human rights policies or more responsible use of natural resources.
It also considers green bonds for projects, and pushes government agencies to adopt more green policies.
Despite the country’s good intentions, the lack of financial and institutional support for environmental policies is a major problem.