IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.19% USD/MXN18.63▼ 0.02% USD/CLP975.74▼ 0.09% USD/COP3,240▲ 0.03% USD/PEN3.44▼ 0.22% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.23% USD/PYG6,358▲ 6.40% USD/BOB11.81▲ 0.77% USD/DOP60.61▲ 4.08% USD/CRC448.27▲ 2.01% USD/GTQ7.64▲ 3.17% USD/HNL26.88▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES895.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.78% USD/TTD6.72▲ 2.44% EUR/BRL6.13▼ 0.64% BRENT 97.30 ▼ 1.04% WTI 90.19 ▼ 0.70% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,076 ▲ 0.02% SILVER 51.85 ▲ 0.08% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00% IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.19% USD/MXN 18.62 ▼ 0.07% USD/CLP 975.74 ▼ 0.09% USD/COP 3,240 ▲ 0.03% USD/PEN 3.43 ▼ 0.28% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.23% USD/PYG 6,358 ▲ 6.40% USD/BOB 11.81 ▲ 0.77% USD/DOP 60.60 ▲ 4.06% USD/CRC 448.27 ▲ 2.01% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.88 ▲ 3.19% USD/NIO 36.62 — 0.00% USD/VES 895.29 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.78% USD/TTD 6.72 ▲ 2.44% EUR/BRL 6.13 ▼ 0.64% BRENT 97.30 ▼ 1.04% WTI 90.19 ▼ 0.70% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,076 ▲ 0.02% SILVER 51.85 ▲ 0.08% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 — 0.00% VALE3 64.04 — 0.00% ITUB4 40.53 — 0.00% BBDC4 14.20 — 0.00% ABEV3 15.48 — 0.00% BBAS3 17.13 — 0.00% B3SA3 14.39 — 0.00% WEGE3 48.19 — 0.00% PRIO3 60.48 — 0.00% SUZB3 53.40 ▲ 2.12% RENT3 30.29 — 0.00% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 — 0.00% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 — 0.00% BRKM5 3.20 — 0.00% RANI3 8.53 ▲ 0.83% CSNA3 4.41 — 0.00%
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Sunday, November 8, 2026

Brazil Politics - Brazil

Brazil chops federal environmental budget a day after climate summit pledge

By · · 2 min read
Brazil chops federal environmental budget a day after climate summit pledge

RIO DE JANEIRO, BRAZIL – Brazil’s President Jair Bolsonaro has approved a 24% cut to the environment budget for 2021 from last year’s level, just one day after he vowed to increase spending to fight deforestation.

Speaking on Thursday, April 22, to a virtual climate summit organized by US President Joe Biden, Bolsonaro pledged to double the budget for environmental enforcement and end illegal deforestation in Brazil by 2030.

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The US government applauded those targets, part of a shift in tone by the far-right leader. However, many environmentalists said they would not take the rhetoric seriously before seeing real progress.

Less than 24 hours later, Bolsonaro on Friday signed off on the 2021 federal budget that included R$2 billion (US$357 million) for the Environment Ministry and agencies it oversees, down from R$2.6 billion initially approved last year, according to the federal gazette. Spending can be adjusted over the course of the year.

“The gesture of giving a speech yesterday isn’t enough,” Congressman Rodrigo Agostinho, leader of the environmental caucus, said. “Brazil’s government needs to do its homework.”

Bolsonaro vetoed a list of environmental budget provisions worth R$240 (US$43) million, including outlays for environmental enforcement.

Bolsonaro’s office directed questions to the Economy Ministry. The ministry said the environment budget now was in line with what the president originally proposed and counteracted spending increases approved by Congress.

Late on Friday, Environment Minister Ricardo Salles posted a request addressed to the Economic Ministry for R$270 million in additional funding for environmental agency Ibama and parks service ICMBio.

A detailed budget listing individual expenditures has yet to be released.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error

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