IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL5.14▼ 0.14% USD/MXN16.95▲ 0.30% USD/CLP914.28— 0.00% USD/COP3,038▼ 1.18% USD/PEN3.35▼ 0.06% USD/ARS1,499▲ 0.12% USD/UYU40.20▲ 1.58% USD/PYG5,996▲ 1.55% USD/BOB11.43▲ 0.41% USD/DOP58.82▲ 0.20% USD/CRC450.05▲ 3.34% USD/GTQ7.62▲ 2.21% USD/HNL26.81▲ 0.31% USD/NIO36.62— 0.00% USD/VES778.00▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.79% EUR/BRL6.00▼ 0.64% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Sunday, August 23, 2026

Brazil Business - Brazil

Megaprojects Flagged as Trojan Horse to Develop Remaining Rainforest Areas

By · November 19, 2020 · 3 min read

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RIO DE JANEIRO, BRAZIL – A rise in huge, opaque infrastructure and mining projects threatens to destroy and open up the world’s last remaining rainforests to development, researchers warned on Thursday.

A report assessing progress on the 2014 New York Declaration on Forests – backed by more than 200 countries, companies, and green groups – found that its 2020 goal to reduce natural forest loss by at least half would not be met.

Achieving its 2030 target to end deforestation would require an “unprecedented” reduction in the rate of forest loss, said the annual evaluation, led by advisory firm Climate Focus.

Across five Amazon nations - Bolivia, Brazil, Colombia, Peru, and Ecuador - investments totaling US$27 billion (R$135 billion) over the next five years would construct or update more than 12,000 km (7,456 miles) of roads.
Across five Amazon nations – Bolivia, Brazil, Colombia, Peru, and Ecuador – investments totaling US$27 billion (R$135 billion) over the next five years would construct or update more than 12,000 km (7,456 miles) of roads. (Photo: internet reproduction)
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Berlin-based executive director Franziska Haupt, the report’s lead author, warned remaining forest areas “are under severe threat from infrastructure and mining developments.”

“Economic corridors cut through these remaining areas, encircling the indigenous communities and others that live there,” Haupt told the Thomson Reuters Foundation.

In 2019, tropical rainforests – whose preservation is considered crucial to limiting planetary heating – disappeared at a rate of one football field every six seconds, according to data from online monitoring service Global Forest Watch.

Green groups blame the production of commodities and minerals for much of the destruction, as carbon-storing forests are cleared for plantations, ranches, farms, and mines.

“Mining and infrastructure obviously have a direct impact – if you build a road or have an open-pit mine you have to cut trees,” said Haupt.

“The problem is not so much that deforestation, but it’s that these activities are making way for other economic activities and resource extraction.”

ROAD TO NOWHERE

Megaprojects based around economic corridors, linking roads, waterways, and railways with natural resource extraction and big dams, are planned in most critical tropical-forest areas, said the report, produced with 22 organizations.

Across five Amazon nations – Bolivia, Brazil, Colombia, Peru, and Ecuador – investments totaling US$27 billion (R$135 billion) over the next five years would construct or update more than 12,000 km (7,456 miles) of roads, it said.

If all planned projects are realized, they will cause the deforestation of about 2.4 million hectares (5.9 million acres) over the next two decades, it added.

In Asia, Indonesia’s Trans Papua highway – a 4,000 km network – will cut through Lorentz National Park, a World Heritage site, increasing access to more than 50,000 hectares of mining concessions inside the park, the report said.

A railway planned for Indonesia’s forest-rich Kalimantan region will open areas for coal mining and palm oil production, it said, while neighboring Papua New Guinea is looking to double its road network by late 2022.

The unchecked rise in transportation networks is poised to do the most damage to forests, the report said. Those networks make it easier for loggers, farmers, and others who chop down trees legally or illegally to get into forests, according to researchers.

Roads are responsible for between 9 percent and 17 percent of tropical and sub-tropical deforestation, with most new deforestation occurring within 1 km of a road, said the report.

Haupt said infrastructure was essential for economic development, especially in places without basic services. “There need to be roads and there is always a cost for forests but we’re really concerned about these huge projects,” she added.

BELT AND ROAD

The scale of many megaprojects was unprecedented, she said, citing China’s Belt and Road Initiative to link Asia to Europe and beyond, involving more than 100 countries.

Researchers found no evidence that megaprojects, which often lack transparency, are paired with investments in local development, such as public services, healthcare, and jobs.

Governments should consider the value of forests and the economic benefits megaprojects bring to local people – and ensure they are properly consulted, said Haupt.

All countries need to develop partnerships to protect forests, and wean their industries off fossil fuels, she said, adding many had made international pledges and introduced good policies but implementation was lacking.

“It’s not a radical idea to strive towards sustainable development but the current (economic) models are in contention with these goals,” she said. “Is deforestation really justified by these other benefits?”

Source: Reuters

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Aug 23, 2026 · 01:14

Ibovespa · benchmark
171,031.73
+1.85%
L 167,142day rangeH 168,310

+21.85% over 12 months

Market breadth · 15 names
47% advancing

7 ▲ advancing8 declining ▼

Currencies, rates & key inputs
USD / BRL
5.16
+0.01%

EUR / BRL
5.95
+1.01%

Selic rate
14.00%
·

Brent crude
88.88
-0.03%

Iron ore
161.91
·

Sector heatmap · average move today
Materials
+2.35%
SUZB3

Mining
+1.16%
VALE3, CSNA3, GGBR4

Industrials
+0.20%
WEGE3, RENT3

Financials
-0.10%
ITUB4, BBDC4, BBAS3, B3SA3

Energy
-0.12%
PETR4, PRIO3

Consumer Staples
-0.80%
ABEV3

Utilities
-1.38%
ENEV3

Consumer Disc.
-2.63%
AZZA3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
171,031.73
+1.85%

S&P/BMV IPCMexico
65,729.18
+2.14%

S&P IPSAChile
11,338.38
+0.89%

S&P MERVALArgentina
2,913,184
+1.30%

MSCI COLCAPColombia
2,459.23
+0.61%

BVL S&P PerúPeru
58,698.13
+2.60%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 171,031.73 +1.85% +21.85% 167,927.15 168,310 167,142
USD/BRL 5.16 +0.01% -5.13% 5.16 5.18 5.14
SELIC 14.00%
PETR4 41.64 -0.05% +35.19% 41.66 41.97 41.15 41,499,400
VALE3 72.97 +0.83% +30.75% 72.37 73.54 72.66 17,658,000
ITUB4 38.60 -1.03% +4.57% 39.00 39.34 38.39 29,487,800
BBDC4 16.85 +0.36% +3.50% 16.79 16.90 16.67 19,416,900
BBAS3 19.37 +0.47% +0.73% 19.28 19.44 19.16 11,069,200
B3SA3 14.26 -0.21% +12.73% 14.29 14.47 14.11 33,037,800
ABEV3 14.89 -0.80% +21.91% 15.01 15.07 14.81 16,453,100
WEGE3 47.59 +0.49% +29.99% 47.36 48.08 47.36 3,364,600
PRIO3 59.14 -0.19% +50.67% 59.25 59.81 58.74 3,325,600
SUZB3 41.33 +2.35% -23.55% 40.38 41.48 40.35 3,914,900
RENT3 34.68 -0.09% +0.84% 34.71 34.96 34.35 7,979,100
AZZA3 15.89 -2.63% -53.76% 16.32 16.42 15.82 1,330,300
CSNA3 4.30 +0.47% -42.65% 4.28 4.41 4.26 10,076,100
GGBR4 24.69 +2.19% +51.38% 24.16 24.85 24.18 7,047,600
ENEV3 24.21 -1.38% +70.49% 24.55 24.64 23.99 9,297,000

Largest moves today
AZZA3
15.89
-2.63%
SUZB3
41.33
+2.35%
GGBR4
24.69
+2.19%
IBOV
171,031.73
+1.85%
ENEV3
24.21
-1.38%
ITUB4
38.60
-1.03%
VALE3
72.97
+0.83%
ABEV3
14.89
-0.80%

The session read
The Ibovespa rose 1.85%, with breadth negative — 7 of 15 names higher. Materials led, while Consumer Disc. lagged.

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