In 1979, the Ecuadorian rain forest area of the Yasuní was declared a National Park, and in 1989 as a World biosphere Reserve by UNESCO. In 2007, the Yasuní-ITT initiative aimed to prevent the promotion of the oil field of Ishpingo - Tambococha - Tiputini (ITT) in the Yasuní National Park. The Yasuní-ITT Initiative aims to maintain and protect the biodiversity, and the indigenous peoples living in volunatary isolation, as well as seeking to avoid the high emissions of CO2 by oil production.
Through the initiative, Ecuador called on the international community to provide 50% of the costs incurred by not exploiting the oil field, and suggested to put the donations into a fund to protect the Yasuní National Park and the development of renewable energy research programs. Only a smal proportion of the funds was raised, and President Correa ended the initiative in August 2013. In early October 2013 the Parliament decided to release part of the Yasuní National Park for oil production.