IBOV 173,885.34 ▼ 1.52% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,233,105 ▼ 0.71% COLCAP 2,304.68 ▲ 0.15% BVL PERÚ 57,237.60 — — USD/BRL5.12▲ 0.03% USD/MXN17.45▲ 0.07% USD/CLP932.73▲ 0.20% USD/COP3,190▼ 0.67% USD/PEN3.39▼ 0.39% USD/ARS1,495▼ 0.32% USD/UYU40.21▲ 1.46% USD/PYG5,987▲ 0.90% USD/BOB11.70▲ 5.59% USD/DOP58.01▲ 0.02% USD/CRC449.99▲ 1.61% USD/GTQ7.62▲ 2.26% USD/HNL26.76▲ 0.79% USD/NIO36.62▼ 0.15% USD/VES743.77▲ 0.25% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.47% USD/TTD6.75▲ 1.28% EUR/BRL5.86▲ 0.19% BRENT 92.27 ▲ 1.69% WTI 85.01 ▲ 0.65% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.86% GOLD 4,105 ▲ 1.75% SILVER 57.58 ▼ 0.50% SOY 1,193 ▲ 1.29% CORN 473.75 ▲ 5.51% WHEAT 683.50 ▲ 3.44% COFFEE 326.60 ▼ 3.77% SUGAR 14.50 ▼ 0.34% ORANGE JUICE 137.95 ▲ 0.80% COTTON 79.38 ▲ 0.21% COCOA 5,169 ▼ 0.62% BEEF 224.13 ▼ 1.47% CATTLE 339.05 ▼ 1.17% LITHIUM 66.74 ▼ 0.33% PETR4 42.00 ▲ 1.92% VALE3 75.05 ▼ 0.85% ITUB4 41.82 ▼ 2.43% BBDC4 18.35 ▼ 2.24% ABEV3 15.90 ▼ 1.24% BBAS3 20.78 ▼ 0.24% B3SA3 15.32 ▼ 4.25% WEGE3 45.64 ▼ 2.27% PRIO3 58.41 ▲ 2.89% SUZB3 42.30 ▼ 1.86% RENT3 37.44 ▼ 2.42% AZZA3 16.15 ▼ 5.83% CSAN3 3.89 ▼ 2.75% RAIZ4 0.26 ▼ 3.70% PCAR3 2.81 ▲ 2.55% GMAT3 3.89 ▼ 0.77% PSSA3 53.81 ▼ 2.00% CVCB3 1.28 ▼ 3.03% POSI3 3.55 ▼ 1.39% SLCE3 13.09 ▼ 0.53% NATU3 8.27 ▼ 0.84% BRKM5 5.72 ▼ 4.03% RANI3 7.96 ▼ 2.09% CSNA3 5.20 ▼ 7.80% CMIN3 5.98 ▲ 0.34% USIM5 8.32 ▼ 4.26% GGBR4 24.79 ▼ 1.39% ENEV3 25.87 ▲ 0.08% CPFE3 44.79 ▼ 2.55% CMIG4 11.00 ▼ 1.70% EQTL3 37.82 ▼ 2.60% LREN3 13.36 ▼ 3.88% VIVT3 32.54 ▼ 3.81% RAIL3 13.95 ▼ 0.92% KLABIN 18.02 ▼ 0.11% RAIA DROGASIL 17.76 ▼ 2.42% RDOR3 33.85 ▼ 1.37% HAPV3 10.55 ▼ 0.47% FLRY3 16.83 ▼ 1.35% SMTO3 14.27 ▼ 0.21% UGPA3 32.00 ▼ 1.39% VBBR3 34.60 ▼ 1.51% BBSE3 40.92 ▼ 0.70% BPAC11 54.66 ▼ 2.11% CURY3 28.85 ▼ 4.15% AERI3 2.11 ▲ 0.96% VIVARA 22.35 ▼ 1.15% COMPASS 24.21 ▼ 4.00% VAMOS 3.31 ▼ 0.60% SANB11 25.63 ▼ 7.37% ASAI3 8.30 ▲ 0.73% SBSP3 26.61 ▼ 5.87% WALMEX 49.54 ▲ 1.58% GMEXICO 207.79 ▼ 1.01% FEMSA 211.26 ▼ 5.23% CEMEX 20.51 ▼ 2.10% GFNORTE 197.01 ▼ 1.31% BIMBO 59.88 ▲ 0.64% TELEVISA 9.86 ▲ 0.31% AMX 21.77 ▼ 3.24% GAP 379.85 ▲ 0.56% ASUR 271.97 ▲ 0.29% OMA 233.18 ▼ 0.75% KOF 186.22 ▼ 1.90% GRUMA 267.17 ▼ 0.29% KIMBER 40.50 ▼ 0.39% SQM-B 63,799 ▲ 2.08% COPEC 6,190 ▼ 1.75% BSANTANDER 80.24 ▲ 1.42% FALABELLA 6,216 ▲ 1.88% ENELAM 86.69 ▲ 1.04% CENCOSUD 1,919 ▲ 1.00% CMPC 1,035 ▲ 0.01% BANCO CHILE 191.00 ▲ 1.00% LATAM AIR 24.40 ▼ 2.40% YPF 79,600 ▲ 0.09% GGAL 7,795 ▼ 0.76% PAMPA 5,380 ▼ 1.28% TXAR 658.00 ▼ 1.64% ALUAR 976.00 ▼ 1.21% TGS 9,490 ▲ 0.26% CEPU 2,294 ▼ 1.76% MIRGOR 16,600 ▲ 0.45% COME 42.55 ▲ 0.07% LOMA NEGRA 3,648 ▲ 0.07% BYMA 298.00 ▼ 0.75% TELECOM ARG 4,305 ▼ 0.69% ECOPETROL 16.40 ▲ 3.60% BANCOLOMBIA 89.47 ▲ 0.45% GRUPO AVAL 4.90 ▲ 0.41% CREDICORP 383.93 ▼ 1.29% SOUTHERN COPPER 175.47 ▼ 1.95% BUENAVENTURA 30.21 ▼ 0.56% MERCADOLIBRE 1,863 ▲ 0.04% NUBANK 14.04 ▼ 4.36% XP 16.31 ▼ 2.92% PAGSEGURO 9.54 ▼ 0.73% STONE 10.96 ▼ 1.79% GLOBANT 38.15 ▲ 8.66% TECNOGLASS 44.88 ▼ 4.96% GAP AIRPORT 216.97 ▼ 0.24% ASUR 271.97 ▲ 0.29% OMA AIRPORT 106.38 ▼ 1.75% AMX ADR 24.87 ▼ 3.27% FEMSA ADR 121.06 ▼ 5.22% CEMEX ADR 11.70 ▼ 2.50% PETROBRAS ADR 18.59 ▲ 2.88% VALE ADR 14.65 ▼ 0.34% ITAU ADR 8.15 ▼ 1.93% SANTANDER BR 5.10 ▼ 6.93% AMBEV ADR 3.10 ▼ 0.96% CSN 1.03 ▼ 6.36% GERDAU 4.86 ▼ 1.82% LATAM ADR 52.05 ▼ 2.76% BTC 63,896 ▼ 0.02% ETH 1,899 ▼ 0.47% SOL 73.43 ▼ 0.23% XRP 1.08 ▲ 0.38% BNB 574.05 ▲ 0.46% ADA 0.16 ▲ 0.73% DOGE 0.07 ▼ 0.42% AVAX 6.42 ▼ 0.01% LINK 8.27 ▼ 0.65% DOT 0.76 ▲ 0.31% LTC 45.34 ▼ 0.16% BCH 210.04 ▼ 0.52% TRX 0.33 ▲ 0.44% XLM 0.17 ▼ 0.18% HBAR 0.07 ▼ 0.17% NEAR 1.63 ▲ 0.25% ATOM 1.28 ▲ 0.22% AAVE 95.40 ▼ 0.68% SELIC 14.25% EMBRAER 86.09 ▼ 3.12% EMBRAER ADR 67.66 ▼ 2.07% JBS 14.23 ▲ 2.15% JBS BDR 72.38 ▲ 2.56% MBRF3 16.66 ▲ 2.21% MBRFY 3.18 ▲ 0.95% INTER 5.41 ▼ 3.22% EGX 53,510 ▼ 0.22% USD/ZAR16.67▲ 0.09% USD/NGN 1,363 — 0.00% NIKKEI 61,867 ▲ 0.71% CSI300 4,550 ▼ 1.10% HSI 25,849 ▲ 0.16% NIFTY 24,285 ▲ 0.14% KOSPI 5,594 ▼ 1.23% JCI 6,152 ▲ 1.00% USD/JPY163.67▲ 0.16% USD/CNY6.76▼ 0.14% DAX 25,356 ▼ 0.41% CAC 8,458 ▲ 0.59% FTSE 10,913 ▲ 0.04% MIB 51,351 ▼ 0.18% IBEX 19,545 ▲ 0.68% STOXX 645.90 ▲ 0.14% EUR/USD1.14▼ 0.25% GBP/USD1.33▲ 0.38% SPX 7,316 ▼ 1.52% DJI 51,594 ▼ 2.19% NDX 27,192 ▼ 2.06% RUT 2,906 ▼ 1.61% TSX 35,334 ▼ 1.16% VIX 19.67 ▼ 4.79% USD/CAD1.41▲ 0.12% US10Y 4.6220 ▲ 0.39% IBOV 173,885.34 ▼ 1.52% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,233,105 ▼ 0.71% COLCAP 2,304.68 ▲ 0.15% BVL PERÚ 57,237.60 — — USD/BRL 5.12 ▲ 0.03% USD/MXN 17.45 ▲ 0.06% USD/CLP 932.73 ▲ 0.20% USD/COP 3,190 ▼ 0.67% USD/PEN 3.39 ▼ 0.35% USD/ARS 1,495 ▼ 0.03% USD/UYU 40.21 ▲ 1.45% USD/PYG 5,987 ▲ 0.90% USD/BOB 11.70 ▲ 4.30% USD/DOP 58.01 ▲ 0.19% USD/CRC 449.99 ▲ 1.67% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.76 ▲ 0.79% USD/NIO 36.62 ▼ 0.15% USD/VES 743.77 ▲ 0.25% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.40% USD/TTD 6.75 ▲ 1.16% EUR/BRL 5.86 ▲ 0.19% BRENT 92.27 ▲ 1.69% WTI 85.01 ▲ 0.65% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.86% GOLD 4,105 ▲ 1.75% SILVER 57.58 ▼ 0.50% SOY 1,193 ▲ 1.29% CORN 473.75 ▲ 5.51% WHEAT 683.50 ▲ 3.44% COFFEE 326.60 ▼ 3.77% SUGAR 14.50 ▼ 0.34% ORANGE JUICE 137.95 ▲ 0.80% COTTON 79.38 ▲ 0.21% COCOA 5,169 ▼ 0.62% BEEF 224.13 ▼ 1.47% CATTLE 339.05 ▼ 1.17% LITHIUM 66.74 ▼ 0.33% PETR4 42.00 ▲ 1.92% VALE3 75.05 ▼ 0.85% ITUB4 41.82 ▼ 2.43% BBDC4 18.35 ▼ 2.24% ABEV3 15.90 ▼ 1.24% BBAS3 20.78 ▼ 0.24% B3SA3 15.32 ▼ 4.25% WEGE3 45.64 ▼ 2.27% PRIO3 58.41 ▲ 2.89% SUZB3 42.30 ▼ 1.86% RENT3 37.44 ▼ 2.42% AZZA3 16.15 ▼ 5.83% CSAN3 3.89 ▼ 2.75% RAIZ4 0.26 ▼ 3.70% PCAR3 2.81 ▲ 2.55% GMAT3 3.89 ▼ 0.77% PSSA3 53.81 ▼ 2.00% CVCB3 1.28 ▼ 3.03% POSI3 3.55 ▼ 1.39% SLCE3 13.09 ▼ 0.53% NATU3 8.27 ▼ 0.84% BRKM5 5.72 ▼ 4.03% RANI3 7.96 ▼ 2.09% CSNA3 5.20 ▼ 7.80% CMIN3 5.98 ▲ 0.34% USIM5 8.32 ▼ 4.26% GGBR4 24.79 ▼ 1.39% ENEV3 25.87 ▲ 0.08% CPFE3 44.79 ▼ 2.55% CMIG4 11.00 ▼ 1.70% EQTL3 37.82 ▼ 2.60% LREN3 13.36 ▼ 3.88% VIVT3 32.54 ▼ 3.81% RAIL3 13.95 ▼ 0.92% KLABIN 18.02 ▼ 0.11% RAIA DROGASIL 17.76 ▼ 2.42% RDOR3 33.85 ▼ 1.37% HAPV3 10.55 ▼ 0.47% FLRY3 16.83 ▼ 1.35% SMTO3 14.27 ▼ 0.21% UGPA3 32.00 ▼ 1.39% VBBR3 34.60 ▼ 1.51% BBSE3 40.92 ▼ 0.70% BPAC11 54.66 ▼ 2.11% CURY3 28.85 ▼ 4.15% AERI3 2.11 ▲ 0.96% VIVARA 22.35 ▼ 1.15% COMPASS 24.21 ▼ 4.00% VAMOS 3.31 ▼ 0.60% SANB11 25.63 ▼ 7.37% ASAI3 8.30 ▲ 0.73% SBSP3 26.61 ▼ 5.87% WALMEX 49.54 ▲ 1.58% GMEXICO 207.79 ▼ 1.01% FEMSA 211.26 ▼ 5.23% CEMEX 20.51 ▼ 2.10% GFNORTE 197.01 ▼ 1.31% BIMBO 59.88 ▲ 0.64% TELEVISA 9.86 ▲ 0.31% AMX 21.77 ▼ 3.24% GAP 379.85 ▲ 0.56% ASUR 271.97 ▲ 0.29% OMA 233.18 ▼ 0.75% KOF 186.22 ▼ 1.90% GRUMA 267.17 ▼ 0.29% KIMBER 40.50 ▼ 0.39% SQM-B 63,799 ▲ 2.08% COPEC 6,190 ▼ 1.75% BSANTANDER 80.24 ▲ 1.42% FALABELLA 6,216 ▲ 1.88% ENELAM 86.69 ▲ 1.04% CENCOSUD 1,919 ▲ 1.00% CMPC 1,035 ▲ 0.01% BANCO CHILE 191.00 ▲ 1.00% LATAM AIR 24.40 ▼ 2.40% YPF 79,600 ▲ 0.09% GGAL 7,795 ▼ 0.76% PAMPA 5,380 ▼ 1.28% TXAR 658.00 ▼ 1.64% ALUAR 976.00 ▼ 1.21% TGS 9,490 ▲ 0.26% CEPU 2,294 ▼ 1.76% MIRGOR 16,600 ▲ 0.45% COME 42.55 ▲ 0.07% LOMA NEGRA 3,648 ▲ 0.07% BYMA 298.00 ▼ 0.75% TELECOM ARG 4,305 ▼ 0.69% ECOPETROL 16.40 ▲ 3.60% BANCOLOMBIA 89.47 ▲ 0.45% GRUPO AVAL 4.90 ▲ 0.41% CREDICORP 383.93 ▼ 1.29% SOUTHERN COPPER 175.47 ▼ 1.95% BUENAVENTURA 30.21 ▼ 0.56% MERCADOLIBRE 1,863 ▲ 0.04% NUBANK 14.04 ▼ 4.36% XP 16.31 ▼ 2.92% PAGSEGURO 9.54 ▼ 0.73% STONE 10.96 ▼ 1.79% GLOBANT 38.15 ▲ 8.66% TECNOGLASS 44.88 ▼ 4.96% GAP AIRPORT 216.97 ▼ 0.24% ASUR 271.97 ▲ 0.29% OMA AIRPORT 106.38 ▼ 1.75% AMX ADR 24.87 ▼ 3.27% FEMSA ADR 121.06 ▼ 5.22% CEMEX ADR 11.70 ▼ 2.50% PETROBRAS ADR 18.59 ▲ 2.88% VALE ADR 14.65 ▼ 0.34% ITAU ADR 8.15 ▼ 1.93% SANTANDER BR 5.10 ▼ 6.93% AMBEV ADR 3.10 ▼ 0.96% CSN 1.03 ▼ 6.36% GERDAU 4.86 ▼ 1.82% LATAM ADR 52.05 ▼ 2.76% BTC 63,896 ▼ 0.02% ETH 1,899 ▼ 0.47% SOL 73.43 ▼ 0.23% XRP 1.08 ▲ 0.38% BNB 574.05 ▲ 0.46% ADA 0.16 ▲ 0.73% DOGE 0.07 ▼ 0.42% AVAX 6.42 ▼ 0.01% LINK 8.27 ▼ 0.65% DOT 0.76 ▲ 0.31% LTC 45.34 ▼ 0.16% BCH 210.04 ▼ 0.52% TRX 0.33 ▲ 0.44% XLM 0.17 ▼ 0.18% HBAR 0.07 ▼ 0.17% NEAR 1.63 ▲ 0.25% ATOM 1.28 ▲ 0.22% AAVE 95.40 ▼ 0.68% SELIC 14.25% EMBRAER 86.09 ▼ 3.12% EMBRAER ADR 67.66 ▼ 2.07% JBS 14.23 ▲ 2.15% JBS BDR 72.38 ▲ 2.56% MBRF3 16.66 ▲ 2.21% MBRFY 3.18 ▲ 0.95% INTER 5.41 ▼ 3.22% EGX 53,510 ▼ 0.22% USD/ZAR 16.67 ▲ 0.01% USD/NGN 1,363 — 0.00% NIKKEI 61,867 ▲ 0.71% CSI300 4,550 ▼ 1.10% HSI 25,849 ▲ 0.16% NIFTY 24,285 ▲ 0.14% KOSPI 5,594 ▼ 1.23% JCI 6,152 ▲ 1.00% USD/JPY 163.68 ▲ 0.18% USD/CNY 6.7570 ▲ 0.04% DAX 25,356 ▼ 0.41% CAC 8,458 ▲ 0.59% FTSE 10,913 ▲ 0.04% MIB 51,351 ▼ 0.18% IBEX 19,545 ▲ 0.68% STOXX 645.90 ▲ 0.14% EUR/USD 1.1440 ▼ 0.22% GBP/USD 1.3340 ▼ 0.19% SPX 7,316 ▼ 1.52% DJI 51,594 ▼ 2.19% NDX 27,192 ▼ 2.06% RUT 2,906 ▼ 1.61% TSX 35,334 ▼ 1.16% VIX 19.67 ▼ 4.79% USD/CAD 1.4067 ▲ 0.19% US10Y 4.6220 ▲ 0.39%
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Brazil Withdraws Candidacy to Host UN’s COP-25 in 2019

By · November 28, 2018 · 2 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Less than fifteen days after announcing that it wanted to host the United Nation’s 25th Climate Conference, to be held in 2019, Brazil’s Foreign Service Ministry (better known as Itamaraty) released a statement that it was backing down from the candidacy.

Environment Minister, José Sarney Filho, had announced COP 25 candidacy earlier this month, but Itamaraty withdrew Brazil’s offer, photo by José Cruz/Agência Brasil)
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“In view of the current fiscal and budgetary constraints, which are expected to remain in the near future, and the transition process for the newly elected administration, to start on January 1st, 2019, the Brazilian government was forced to withdraw its candidacy to host COP 25,” says the Itamaraty note.

At the beginning of November the Ministry of Environment had announced that the candidacy confirmed Brazil’s leading role in sustainable development issues, especially in relation to climate change, and ‘reflected the consensus of Brazilian society on the importance and urgency of actions that contribute in combating climate change’.

“Brazil is strongly committed to sustainability and the cause of climate change and has a strong tradition of hosting major international events related to the environment and sustainable development,” said Environment Minister Jose Sarney Filho at the time.

The Environment Ministry did not comment on the announcement of withdrawal made by the country’s foreign service.

One of the country’s most important environmental NGOs, Observatorio do Clima, criticized the latest decision, “Brazil is thus abdicating its role in the world in one of the few areas where, more than relevant, the country is needed. Ironically, this is by ideology, something the president-elect and his chancellor promised to ‘extirpate’ from the public administration.”

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Brazil is home to the world’s largest rainforest, the Amazon, pictured above, and a high number of areas of environmental protection, photo by the International Center for Tropical Agriculture/Flickr Creative Commons License.

“With the abandonment of international leadership in this area, lost are also opportunities for business, investment and job creation,” continued the NGO.

“By ignoring the climate agenda, the federal government also fails to protect the population, hit by a growing number of extreme weather events. These, unfortunately, do not cease to occur just because some doubt their causes,” said the note on OC’s website, criticizing some of the members of the new Bolsonaro Administration.

Nominated to be the new Foreign Service Minister, Ernesto Araujo, has stated that he believes that the entire climate change issue is a ‘Marxist plot’.

Brazil hosted Rio-92, also known as the Earth Summit, which served as a launching pad for the United Nations’ Framework Convention on Climate Change (UNFCCC). Twenty years later, the country also hosted the UN’s Rio+20 Summit. Both summits were held in Rio de Janeiro and brought together world leaders, civil society and NGOs to discuss climate and environmental issues.

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