IBOV 176,564.75 ▲ 0.70% IPSA 10,880.04 ▼ 0.77% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,256,362 ▼ 1.48% COLCAP 2,301.24 ▲ 0.80% BVL PERÚ 57,237.60 — — USD/BRL5.13▲ 0.18% USD/MXN17.44▼ 0.09% USD/CLP931.73▼ 0.86% USD/COP3,201▼ 0.50% USD/PEN3.40▼ 0.02% USD/ARS1,499▲ 0.15% USD/UYU40.20▲ 1.42% USD/PYG6,020▲ 1.46% USD/BOB11.30▲ 3.36% USD/DOP57.90▲ 0.61% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.22% USD/HNL26.76▲ 1.54% USD/NIO36.62▲ 0.69% USD/VES742.37▲ 0.14% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19▲ 0.07% USD/TTD6.75▲ 1.25% EUR/BRL5.83▲ 0.88% BRENT 87.13 ▼ 1.39% WTI 82.25 ▼ 0.44% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.01% GOLD 4,024 ▼ 1.24% SILVER 57.48 ▼ 1.71% SOY 1,220 ▲ 0.97% CORN 481.75 ▲ 6.64% WHEAT 670.00 ▲ 1.52% COFFEE 340.50 ▲ 4.91% SUGAR 14.56 ▼ 0.14% ORANGE JUICE 136.30 ▼ 3.64% COTTON 81.08 ▲ 2.19% COCOA 5,206 ▲ 2.08% BEEF 222.18 ▼ 1.35% CATTLE 337.23 ▼ 0.30% LITHIUM 66.96 ▼ 2.43% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% ITUB4 42.86 ▲ 0.40% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% VIVARA 22.61 ▲ 2.73% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.66 ▲ 1.85% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 669.00 ▼ 0.74% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,645 ▼ 1.69% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% PAGSEGURO 9.61 ▲ 2.45% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% TECNOGLASS 47.22 ▲ 4.05% GAP AIRPORT 217.50 ▲ 0.57% ASUR 271.18 ▲ 0.97% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 63,996 ▲ 0.43% ETH 1,919 ▲ 1.50% SOL 73.86 ▼ 0.38% XRP 1.08 ▲ 1.01% BNB 572.43 ▲ 1.18% ADA 0.16 ▲ 4.68% DOGE 0.07 ▲ 0.85% AVAX 6.58 ▲ 2.87% LINK 8.48 ▲ 1.41% DOT 0.76 ▲ 0.88% LTC 46.31 ▲ 0.68% BCH 215.70 ▲ 1.88% TRX 0.32 ▼ 0.07% XLM 0.17 ▲ 1.87% HBAR 0.07 ▲ 0.93% NEAR 1.66 ▼ 1.45% ATOM 1.30 ▲ 0.29% AAVE 101.48 ▲ 3.71% SELIC 14.25% BBDC4 18.77 ▲ 0.32% EMBRAER 88.86 ▲ 2.26% EMBRAER ADR 69.09 ▲ 1.62% JBS 13.93 ▲ 2.80% JBS BDR 70.57 ▲ 1.94% MBRF3 16.30 ▲ 2.58% MBRFY 3.15 ▲ 10.14% INTER 5.59 ▲ 0.54% EGX 53,730 ▲ 0.18% USD/ZAR16.71▼ 0.33% USD/NGN 1,363 — 0.00% NIKKEI 62,798 ▲ 0.70% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,179 ▲ 2.58% JCI 6,131 ▼ 0.89% USD/JPY163.76— 0.00% USD/CNY6.76▼ 0.07% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD1.14▲ 0.20% GBP/USD1.33▼ 0.43% SPX 7,429 ▲ 0.21% DJI 52,747 ▲ 1.03% NDX 27,763 ▼ 0.98% RUT 2,954 ▲ 0.20% TSX 35,750 ▲ 0.51% VIX 18.21 ▼ 2.46% USD/CAD1.41▼ 0.18% US10Y 4.6040 ▼ 0.80% IBOV 176,564.75 ▲ 0.70% IPSA 10,880.04 ▼ 0.77% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,256,362 ▼ 1.48% COLCAP 2,301.24 ▲ 0.80% BVL PERÚ 57,237.60 — — USD/BRL 5.13 ▲ 0.18% USD/MXN 17.44 ▼ 0.09% USD/CLP 932.73 ▼ 0.76% USD/COP 3,201 ▼ 0.50% USD/PEN 3.40 ▼ 0.02% USD/ARS 1,499 ▲ 0.15% USD/UYU 40.20 ▲ 1.42% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.30 ▲ 3.36% USD/DOP 57.90 ▲ 0.61% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.76 ▲ 1.54% USD/NIO 36.62 ▲ 0.69% USD/VES 742.37 ▲ 0.14% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.07% USD/TTD 6.75 ▲ 1.25% EUR/BRL 5.83 ▲ 0.88% BRENT 87.13 ▼ 1.39% WTI 82.25 ▼ 0.44% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.01% GOLD 4,024 ▼ 1.24% SILVER 57.48 ▼ 1.71% SOY 1,220 ▲ 0.97% CORN 481.75 ▲ 6.64% WHEAT 670.00 ▲ 1.52% COFFEE 340.50 ▲ 4.91% SUGAR 14.56 ▼ 0.14% ORANGE JUICE 136.30 ▼ 3.64% COTTON 81.08 ▲ 2.19% COCOA 5,206 ▲ 2.08% BEEF 222.18 ▼ 1.35% CATTLE 337.23 ▼ 0.30% LITHIUM 66.96 ▼ 2.43% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% ITUB4 42.86 ▲ 0.40% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% VIVARA 22.61 ▲ 2.73% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.66 ▲ 1.85% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 669.00 ▼ 0.74% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,645 ▼ 1.69% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% PAGSEGURO 9.61 ▲ 2.45% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% TECNOGLASS 47.22 ▲ 4.05% GAP AIRPORT 217.50 ▲ 0.57% ASUR 271.18 ▲ 0.97% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 63,996 ▲ 0.43% ETH 1,919 ▲ 1.50% SOL 73.86 ▼ 0.38% XRP 1.08 ▲ 1.01% BNB 572.43 ▲ 1.18% ADA 0.16 ▲ 4.68% DOGE 0.07 ▲ 0.85% AVAX 6.58 ▲ 2.87% LINK 8.48 ▲ 1.41% DOT 0.76 ▲ 0.88% LTC 46.31 ▲ 0.68% BCH 215.70 ▲ 1.88% TRX 0.32 ▼ 0.07% XLM 0.17 ▲ 1.87% HBAR 0.07 ▲ 0.93% NEAR 1.66 ▼ 1.45% ATOM 1.30 ▲ 0.29% AAVE 101.48 ▲ 3.71% SELIC 14.25% BBDC4 18.77 ▲ 0.32% EMBRAER 88.86 ▲ 2.26% EMBRAER ADR 69.09 ▲ 1.62% JBS 13.93 ▲ 2.80% JBS BDR 70.57 ▲ 1.94% MBRF3 16.30 ▲ 2.58% MBRFY 3.15 ▲ 10.14% INTER 5.59 ▲ 0.54% EGX 53,730 ▲ 0.18% USD/ZAR 16.70 ▲ 0.23% USD/NGN 1,363 — 0.00% NIKKEI 62,798 ▲ 0.70% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,179 ▲ 2.58% JCI 6,131 ▼ 0.89% USD/JPY 163.80 ▼ 0.01% USD/CNY 6.7614 ▲ 0.01% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD 1.1392 ▼ 0.03% GBP/USD 1.3291 ▼ 0.02% SPX 7,429 ▲ 0.21% DJI 52,747 ▲ 1.03% NDX 27,763 ▼ 0.98% RUT 2,954 ▲ 0.20% TSX 35,750 ▲ 0.51% VIX 18.21 ▼ 2.46% USD/CAD 1.4100 ▼ 0.01% US10Y 4.6040 ▼ 0.80%
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Opportunities for Brazil at Rio+20

By · May 15, 2012 · 3 min read

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By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – In just over a month, the UN’s biggest ever international event on sustainable development, Rio+20, is set to bring together global leaders in Brazil to agree on specific goals and actions. The conference is an important moment for Rio, hosting a major international event, and for the Rousseff administration to leverage the opportunity on the world stage.

President Rousseff during the Brazilian Climate Change Forum which discussed, among other things, Rio+20 event, Rio de Janeiro, Brazil News
President Rousseff during the Brazilian Climate Change Forum which discussed, among other things, Rio+20 event, photo by Roberto Stuckert Filho/PR.
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With 182 UN member states and 135 world leaders attending, including the new presidents of Russia and France, and given the string of side meetings and business deals that will inevitably accompany the event, the stakes are high.

“Everyone recognizes that [Rio+20] is of major importance, and this is why we have had over a hundred heads-of-state confirm so far,” says André Correa do Lago, Brazil’s chief Rio+20 negotiator.

However some big names have already confirmed they cannot attend, including German Chancellor Angela Merkel and British Prime Minister David Cameron.

There is still a question whether the Chinese president Hu Jintao and U.S. President Barack Obama will attend – their presence, many hope, will give the event more political clout. But as U.S. presidential campaigning gets underway, Obama’s presence is looking increasingly unlikely.

Perhaps more concerning is that member countries have yet to agree on the wording for a political statement to be signed at the summit. Reports indicate it is mainly due to developing countries’ fears that the environmental measures could stymie economic development back home.

Experts are saying Brazil has plenty to gain politically from Rio+20, thanks to its growing role as a global player and greater assertiveness in various multilateral negotiations. Past issues include Brazil’s environmental diplomacy in the UN’s 1992 Earth summit, the Clean Development Mechanism it helped secure for 1997’s Kyoto Protocol, and work on the 2006 Cartegena Protocol.

Protesters want Brazilian President Dilma Rousseff to veto the Forest Code, photo by Wilson Dias/ABr.
Protests over Brazil's Forest Code may draw focus at Rio+20, photo by Wilson Dias/ABr.

However analysts also warn Brazil could see some set-backs if positive progress is not made, and if attention is drawn away by protesters:

“Rio+20 will have great strategic importance for Brazil in demonstrating the possibility of economic growth alongside environmental sustainability. Brazil has stated that sustainable development is necessary to eradicate poverty and enable social inclusion,” International Relations expert Professor Janiffer Zarpelon explains to The Rio Times.

“Brazil has also pointed to energy sources as a strategic issue, but has been criticized by several international institutions and NGOs, particularly over the construction of the Belo Monte dam in the Amazon region,” she adds.

Environmental activists could well turn out to be a notable side-show, raising prickly topics such as the Forest Code and the plight of indigenous people at the Belo Monte dam.

Caroline Bennett from Amazon Watch says President Rousseff’s environmental credibility is diminishing day-by-day: “With each hectare that’s cleared for the Belo Monte dam, with each step forward in modifying the Forest Code, and with each forest defender who is killed in Brazil, the triumph of Brazil’s agri-business lobby over sound environmental policy will be one of Rio+20’s indelible narratives,” she told The Rio Times.

Although the three-day conference is likely to draw most attention, it is preceded by a number of smaller events, including “Dialogue Days” organized by the Brazilian government, which will address a range of topics from food security and poverty to unemployment and the human impact on oceans and forests.

As the event approaches parties on all sides of the key issues will be looking to build momentum and leverage opportunities. Brazil’s ability to remain a developing nation at the forefront of sustainability issues will surely be in focus.

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