IBOV 177,261.94 ▼ 0.41% IPSA 10,986.47 ▼ 0.28% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,378.30 — — USD/BRL5.09▲ 0.24% USD/MXN17.33▲ 0.12% USD/CLP925.29▼ 0.62% USD/COP3,238▲ 1.09% USD/PEN3.38▼ 0.33% USD/ARS1,493▲ 0.47% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.00▲ 0.02% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.13% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.17% BRENT 83.61 ▼ 7.22% WTI 80.06 ▼ 5.44% IRON ORE 161.91 — — COPPER 6.53 ▲ 1.41% GOLD 4,091 ▲ 1.03% SILVER 57.87 ▲ 0.48% SOY 1,194 ▲ 1.83% CORN 471.75 ▲ 7.03% WHEAT 652.75 ▲ 2.11% COFFEE 320.90 ▼ 3.37% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 158.90 ▲ 2.55% COTTON 81.39 ▲ 1.11% COCOA 5,892 ▲ 9.17% BEEF 227.33 ▼ 1.91% CATTLE 342.88 ▼ 1.48% LITHIUM 69.20 ▼ 0.03% PETR4 42.78 ▼ 1.47% VALE3 74.38 ▼ 2.49% ITUB4 42.98 ▲ 0.25% BBDC4 18.49 ▲ 0.43% ABEV3 15.88 ▼ 0.69% BBAS3 21.22 ▼ 0.61% B3SA3 15.64 ▼ 0.57% WEGE3 48.04 ▲ 1.78% PRIO3 58.70 ▼ 3.53% SUZB3 43.35 ▲ 0.07% RENT3 38.09 ▲ 1.28% AZZA3 16.28 ▼ 0.85% CSAN3 4.08 ▲ 0.25% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.40 ▼ 0.55% CVCB3 1.43 ▲ 9.16% POSI3 3.55 — 0.00% SLCE3 13.43 ▲ 0.37% NATU3 8.47 ▲ 1.07% BRKM5 5.87 ▼ 1.68% RANI3 8.38 ▲ 3.33% CSNA3 4.58 ▼ 5.37% CMIN3 5.66 ▼ 0.88% USIM5 7.52 ▲ 2.17% GGBR4 25.27 ▲ 1.16% ENEV3 26.88 ▲ 2.17% CPFE3 45.81 ▼ 0.72% CMIG4 11.14 ▼ 1.76% EQTL3 38.78 ▲ 0.31% LREN3 13.93 ▲ 2.43% VIVT3 32.34 ▼ 0.89% RAIL3 14.18 ▼ 1.80% KLABIN 18.28 ▲ 0.16% RAIA DROGASIL 18.64 ▲ 0.87% RDOR3 34.17 ▼ 1.36% HAPV3 11.76 ▲ 4.26% FLRY3 17.28 ▲ 0.82% SMTO3 14.44 ▼ 0.55% UGPA3 32.90 ▼ 0.45% VBBR3 36.18 ▲ 0.36% BBSE3 41.52 ▲ 0.63% BPAC11 57.07 ▲ 0.48% CURY3 31.41 ▲ 4.39% AERI3 2.17 ▲ 0.93% VIVARA 22.77 ▲ 2.66% COMPASS 24.89 ▲ 0.20% VAMOS 3.31 ▼ 0.90% SANB11 28.66 ▲ 0.14% ASAI3 8.50 — 0.00% SBSP3 27.23 ▼ 1.70% WALMEX 49.88 ▼ 0.74% GMEXICO 212.37 ▲ 2.24% FEMSA 216.80 ▼ 2.10% CEMEX 20.68 ▲ 0.83% GFNORTE 198.24 ▼ 1.17% BIMBO 61.47 ▼ 0.79% TELEVISA 9.69 ▼ 1.22% AMX 21.62 ▼ 2.04% GAP 374.18 ▼ 0.62% ASUR 277.40 ▲ 0.65% OMA 231.65 ▲ 0.14% KOF 185.55 ▼ 0.91% GRUMA 263.17 ▲ 1.91% KIMBER 40.04 ▼ 0.40% SQM-B 61,740 ▼ 1.53% COPEC 6,298 ▼ 0.82% BSANTANDER 79.94 ▼ 1.30% FALABELLA 6,270 ▲ 0.88% ENELAM 87.84 ▼ 0.17% CENCOSUD 1,947 ▼ 0.40% CMPC 1,065 ▲ 0.96% BANCO CHILE 190.73 ▼ 1.54% LATAM AIR 25.26 ▲ 2.10% YPF 8,145 ▼ 1.75% GGAL 7,960 ▲ 0.99% PAMPA 5,500 ▼ 0.99% TXAR 654.00 ▼ 0.83% ALUAR 967.50 ▼ 1.02% TGS 9,915 ▼ 1.34% CEPU 2,366 ▼ 1.25% MIRGOR 1,710 ▼ 89.54% COME 43.51 ▼ 1.18% LOMA NEGRA 3,568 ▼ 1.45% BYMA 293.00 ▼ 0.85% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.58 ▼ 1.16% BANCOLOMBIA 91.12 ▼ 1.51% GRUPO AVAL 5.17 ▼ 2.08% CREDICORP 396.55 ▼ 1.01% SOUTHERN COPPER 184.63 ▲ 1.05% BUENAVENTURA 30.20 ▼ 0.26% MERCADOLIBRE 1,900 ▲ 1.17% NUBANK 14.44 ▲ 0.77% XP 17.03 ▼ 0.18% PAGSEGURO 9.66 ▲ 0.16% STONE 11.28 ▼ 0.84% GLOBANT 37.51 ▲ 2.47% TECNOGLASS 45.63 ▲ 5.04% GAP AIRPORT 216.33 ▼ 0.47% ASUR 277.40 ▲ 0.65% OMA AIRPORT 106.91 ▲ 0.01% AMX ADR 24.80 ▼ 2.17% FEMSA ADR 124.90 ▼ 2.41% CEMEX ADR 11.90 ▲ 0.63% PETROBRAS ADR 19.03 ▼ 1.93% VALE ADR 14.57 ▼ 3.25% ITAU ADR 8.45 ▼ 0.12% SANTANDER BR 5.68 ▲ 0.18% AMBEV ADR 3.07 ▼ 1.29% CSN 0.93 ▼ 6.15% GERDAU 4.99 ▲ 0.50% LATAM ADR 54.46 ▲ 3.21% BTC 63,835 ▲ 0.56% ETH 1,868 ▼ 0.75% SOL 73.66 ▲ 0.29% XRP 1.08 ▼ 0.30% BNB 591.69 ▲ 0.70% ADA 0.19 ▲ 1.13% DOGE 0.07 ▼ 0.54% AVAX 6.53 ▼ 0.18% LINK 8.24 ▼ 1.55% DOT 0.83 ▲ 3.67% LTC 44.17 ▼ 1.04% BCH 214.10 ▲ 0.74% TRX 0.33 ▲ 0.81% XLM 0.17 ▼ 1.40% HBAR 0.07 ▲ 1.12% NEAR 1.74 ▲ 1.31% ATOM 1.35 ▲ 6.73% AAVE 93.38 ▲ 1.50% SELIC 14.25% EMBRAER 90.09 ▲ 3.68% EMBRAER ADR 70.89 ▲ 3.75% JBS 13.83 ▼ 1.39% JBS BDR 70.23 ▼ 0.66% MBRF3 17.70 ▲ 0.91% MBRFY 3.42 ▼ 0.58% INTER 5.58 ▼ 0.45% IBOV 177,261.94 ▼ 0.41% IPSA 10,986.47 ▼ 0.28% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,378.30 — — USD/BRL 5.09 ▲ 0.24% USD/MXN 17.33 ▲ 0.12% USD/CLP 925.29 ▼ 0.62% USD/COP 3,237 ▲ 1.06% USD/PEN 3.38 ▼ 0.33% USD/ARS 1,493 ▲ 0.47% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.00 ▲ 0.02% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.85 ▼ 0.17% BRENT 83.61 ▼ 7.22% WTI 80.06 ▼ 5.44% IRON ORE 161.91 — — COPPER 6.53 ▲ 1.41% GOLD 4,091 ▲ 1.03% SILVER 57.87 ▲ 0.48% SOY 1,194 ▲ 1.83% CORN 471.75 ▲ 7.03% WHEAT 652.75 ▲ 2.11% COFFEE 320.90 ▼ 3.37% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 158.90 ▲ 2.55% COTTON 81.39 ▲ 1.11% COCOA 5,892 ▲ 9.17% BEEF 227.33 ▼ 1.91% CATTLE 342.88 ▼ 1.48% LITHIUM 69.20 ▼ 0.03% PETR4 42.78 ▼ 1.47% VALE3 74.38 ▼ 2.49% ITUB4 42.98 ▲ 0.25% BBDC4 18.49 ▲ 0.43% ABEV3 15.88 ▼ 0.69% BBAS3 21.22 ▼ 0.61% B3SA3 15.64 ▼ 0.57% WEGE3 48.04 ▲ 1.78% PRIO3 58.70 ▼ 3.53% SUZB3 43.35 ▲ 0.07% RENT3 38.09 ▲ 1.28% AZZA3 16.28 ▼ 0.85% CSAN3 4.08 ▲ 0.25% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.40 ▼ 0.55% CVCB3 1.43 ▲ 9.16% POSI3 3.55 — 0.00% SLCE3 13.43 ▲ 0.37% NATU3 8.47 ▲ 1.07% BRKM5 5.87 ▼ 1.68% RANI3 8.38 ▲ 3.33% CSNA3 4.58 ▼ 5.37% CMIN3 5.66 ▼ 0.88% USIM5 7.52 ▲ 2.17% GGBR4 25.27 ▲ 1.16% ENEV3 26.88 ▲ 2.17% CPFE3 45.81 ▼ 0.72% CMIG4 11.14 ▼ 1.76% EQTL3 38.78 ▲ 0.31% LREN3 13.93 ▲ 2.43% VIVT3 32.34 ▼ 0.89% RAIL3 14.18 ▼ 1.80% KLABIN 18.28 ▲ 0.16% RAIA DROGASIL 18.64 ▲ 0.87% RDOR3 34.17 ▼ 1.36% HAPV3 11.76 ▲ 4.26% FLRY3 17.28 ▲ 0.82% SMTO3 14.44 ▼ 0.55% UGPA3 32.90 ▼ 0.45% VBBR3 36.18 ▲ 0.36% BBSE3 41.52 ▲ 0.63% BPAC11 57.07 ▲ 0.48% CURY3 31.41 ▲ 4.39% AERI3 2.17 ▲ 0.93% VIVARA 22.77 ▲ 2.66% COMPASS 24.89 ▲ 0.20% VAMOS 3.31 ▼ 0.90% SANB11 28.66 ▲ 0.14% ASAI3 8.50 — 0.00% SBSP3 27.23 ▼ 1.70% WALMEX 49.88 ▼ 0.74% GMEXICO 212.37 ▲ 2.24% FEMSA 216.80 ▼ 2.10% CEMEX 20.68 ▲ 0.83% GFNORTE 198.24 ▼ 1.17% BIMBO 61.47 ▼ 0.79% TELEVISA 9.69 ▼ 1.22% AMX 21.62 ▼ 2.04% GAP 374.18 ▼ 0.62% ASUR 277.40 ▲ 0.65% OMA 231.65 ▲ 0.14% KOF 185.55 ▼ 0.91% GRUMA 263.17 ▲ 1.91% KIMBER 40.04 ▼ 0.40% SQM-B 61,740 ▼ 1.53% COPEC 6,298 ▼ 0.82% BSANTANDER 79.94 ▼ 1.30% FALABELLA 6,270 ▲ 0.88% ENELAM 87.84 ▼ 0.17% CENCOSUD 1,947 ▼ 0.40% CMPC 1,065 ▲ 0.96% BANCO CHILE 190.73 ▼ 1.54% LATAM AIR 25.26 ▲ 2.10% YPF 8,145 ▼ 1.75% GGAL 7,960 ▲ 0.99% PAMPA 5,500 ▼ 0.99% TXAR 654.00 ▼ 0.83% ALUAR 967.50 ▼ 1.02% TGS 9,915 ▼ 1.34% CEPU 2,366 ▼ 1.25% MIRGOR 1,710 ▼ 89.54% COME 43.51 ▼ 1.18% LOMA NEGRA 3,568 ▼ 1.45% BYMA 293.00 ▼ 0.85% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.58 ▼ 1.16% BANCOLOMBIA 91.12 ▼ 1.51% GRUPO AVAL 5.17 ▼ 2.08% CREDICORP 396.55 ▼ 1.01% SOUTHERN COPPER 184.63 ▲ 1.05% BUENAVENTURA 30.20 ▼ 0.26% MERCADOLIBRE 1,900 ▲ 1.17% NUBANK 14.44 ▲ 0.77% XP 17.03 ▼ 0.18% PAGSEGURO 9.66 ▲ 0.16% STONE 11.28 ▼ 0.84% GLOBANT 37.51 ▲ 2.47% TECNOGLASS 45.63 ▲ 5.04% GAP AIRPORT 216.33 ▼ 0.47% ASUR 277.40 ▲ 0.65% OMA AIRPORT 106.91 ▲ 0.01% AMX ADR 24.80 ▼ 2.17% FEMSA ADR 124.90 ▼ 2.41% CEMEX ADR 11.90 ▲ 0.63% PETROBRAS ADR 19.03 ▼ 1.93% VALE ADR 14.57 ▼ 3.25% ITAU ADR 8.45 ▼ 0.12% SANTANDER BR 5.68 ▲ 0.18% AMBEV ADR 3.07 ▼ 1.29% CSN 0.93 ▼ 6.15% GERDAU 4.99 ▲ 0.50% LATAM ADR 54.46 ▲ 3.21% BTC 63,835 ▲ 0.56% ETH 1,868 ▼ 0.75% SOL 73.66 ▲ 0.29% XRP 1.08 ▼ 0.30% BNB 591.69 ▲ 0.70% ADA 0.19 ▲ 1.13% DOGE 0.07 ▼ 0.54% AVAX 6.53 ▼ 0.18% LINK 8.24 ▼ 1.55% DOT 0.83 ▲ 3.67% LTC 44.17 ▼ 1.04% BCH 214.10 ▲ 0.74% TRX 0.33 ▲ 0.81% XLM 0.17 ▼ 1.40% HBAR 0.07 ▲ 1.12% NEAR 1.74 ▲ 1.31% ATOM 1.35 ▲ 6.73% AAVE 93.38 ▲ 1.50% SELIC 14.25% EMBRAER 90.09 ▲ 3.68% EMBRAER ADR 70.89 ▲ 3.75% JBS 13.83 ▼ 1.39% JBS BDR 70.23 ▼ 0.66% MBRF3 17.70 ▲ 0.91% MBRFY 3.42 ▼ 0.58% INTER 5.58 ▼ 0.45%
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Colombia Politics - Brazil

COP26: Colombia, a country with ambitions in the face of climate change that threatens it

By · November 3, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – Colombia’s geographical position, with Atlantic and Pacific coasts and high deforestation rates, make the country one of the most vulnerable to climate change, which is why the government is advocating in Glasgow for economic incentives from the international community for investments in “structural climate action”.

In recent years the country has felt the devastation caused by natural phenomena such as drought caused by the warming of the Pacific waters (El Niño), flooding on the Atlantic coast due to La Niña, accelerated coastal erosion in the Caribbean, and hurricanes outside their usual routes, such as Eta, which devastated the island of Providencia in 2020.

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To deal with these phenomena, the Colombian government, in addition to proposing that all expenditures and investments in this area remain outside the fiscal rule, wants greater involvement of rich countries in this fight.

Although Colombia only produces 0.6% of the world’s greenhouse gas emissions, it is one of the countries that feels the effects of climate change the most, which threatens its rich biodiversity (Photo internet reproduction)
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This was stated by President Iván Duque in Glasgow, where he presented a proposal so that “through the multilateral system there can be debt forgiveness or compensation schemes to achieve environmental objectives that are directly related to the reduction of greenhouse gas emissions” by the poorest countries.

Duque also presented an ambitious environmental strategy called E2050, with which the country seeks to reduce greenhouse gas emissions by 51% by 2030 and achieve carbon neutrality by 2050.

The strategy has nine pillars: expansion of knowledge; integrated management of biodiversity; sustainable production and consumption; just transition of the labor force; differentiated rural, marine, and coastal development; resilient cities and regions; diversified energy matrix; sustainable mobility and infrastructure; and increasing the country’s capacity to adapt to the climate crisis.

All this, according to the government, because Colombia, although it only produces 0.6% of the world’s greenhouse gas emissions, is one of the countries that feels the effects of climate change the most, which threatens its rich biodiversity formed by moors, jungles, deserts, mountain ranges, thousands of kilometers of coasts and rivers, and all the fauna and flora that coexist there.

AMBITIOUS GOALS

The director of Greenpeace Colombia, Silvia Gómez, told Efe that these goals are fairly ambitious, especially when compared to those of other regions that are significant emitters of CO2.

However, she wonders “how coherent the government is in coming out with a progressive, pilot, truly avant-garde discourse” when its internal policies are moving in a different direction.

Gómez explains that the government does not have the strength to stop oil production through “fracking”, which can contaminate subsurface water sources. The country has not ratified the Escazú Agreement, the first environmental pact in Latin America. “This is also a government that has plans to open new coal plants when all European governments have decided to stop them by 2025,” she adds.

FORESTS LOST

Another problem is the country is deforestation, which in 2020 cost it 171,685 hectares of forests, an increase of 8% over the previous year when 158,984 hectares were cut down; not even the National Natural Parks awee spared, where 15,886 hectares were lost last year.

The leading causes of deforestation are the conversion of tropical rainforest areas into pastures for cattle ranching, the implementation of practices of extensive cattle ranching, the planting of illicit crops for drug trafficking, and the illegal extraction of minerals.

The government’s plan is for Colombia to have zero deforestation by 2030, which complements the ambitious goal of planting 180 million trees, and 30% of its territory in protected areas.

However, the director of Greenpeace Colombia assures that despite “valuable efforts” to curb deforestation, these strategies “do not attack the primary causes of the problem and its integrality.”

“There are situations of inequality and human rights violations against peasants who end up being the last links in the chain (…) There are measures, as it has undoubtedly been a priority issue for the government, but there is still a long way to go and a much more radical position to stop deforestation,” she says.

WASTED TOOL

The Escazú Agreement, signed in 2018 and considered the first multilateral treaty in Latin America and the Caribbean on environmental issues and support for human rights, would be a fundamental tool to protect those who defend the environment in Colombia, but this year Congress scuttled its ratification.

Although his critics accuse him of not pushing for its approval, the initiative, which carried a message of urgency from President Duque, was filed again this week in Congress.

The Escazú Agreement is paramount because, in 2020, Colombia topped for the second consecutive year the dishonorable global statistic of murdered environmental leaders, with 65 homicides, according to the report “Last Line of Defense” by the British NGO Global Witness.

“It is severe because we are talking about a mediocre and lukewarm political position (that of not pushing for the ratification of the agreement), which shows that the government is not firmly on the side of protecting the forests and the communities that protect the territories,” says Gómez, who does not hide her concern for Colombia’s future in the face of climate change.

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