IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 ▲ 2.98% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL5.04▼ 0.21% USD/MXN17.43▲ 0.21% USD/CLP937.27▲ 0.17% USD/COP3,212▼ 0.47% USD/PEN3.39▼ 0.27% USD/ARS1,482▼ 0.03% USD/UYU40.14▲ 1.16% USD/PYG6,035▲ 1.38% USD/BOB10.95▲ 3.79% USD/DOP57.92▼ 0.14% USD/CRC447.42▲ 1.36% USD/GTQ7.62▲ 2.31% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.76▼ 0.61% BRENT 86.34 ▼ 8.22% WTI 89.59 ▲ 3.18% IRON ORE 161.91 — — COPPER 6.45 ▼ 0.05% GOLD 4,095 ▼ 1.25% SILVER 59.06 ▼ 1.60% SOY 1,241 ▲ 0.67% CORN 487.00 ▲ 5.41% WHEAT 707.00 ▲ 0.18% COFFEE 304.40 ▼ 8.30% SUGAR 14.81 ▲ 0.47% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.06 ▲ 1.49% COCOA 5,492 ▼ 2.05% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.77% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 1.73% VIVT3 35.38 ▼ 0.81% RAIL3 13.64 ▲ 0.52% KLABIN 17.93 ▲ 2.57% RAIA DROGASIL 18.29 ▼ 2.14% RDOR3 34.49 ▼ 2.71% HAPV3 11.39 ▼ 1.39% FLRY3 16.65 ▲ 0.54% SMTO3 16.05 ▲ 4.15% UGPA3 32.83 ▲ 3.56% VBBR3 34.98 ▲ 2.55% BBSE3 42.58 ▲ 3.73% BPAC11 57.02 ▲ 2.11% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,395 ▼ 1.07% ETH 1,914 ▼ 1.00% SOL 77.12 ▼ 1.01% XRP 1.13 ▼ 0.74% BNB 569.64 ▼ 0.20% ADA 0.17 ▼ 0.69% DOGE 0.07 ▼ 1.07% AVAX 6.55 ▼ 1.01% LINK 8.53 ▼ 1.12% DOT 0.82 ▼ 1.70% LTC 46.91 ▼ 0.34% BCH 215.72 ▼ 1.93% TRX 0.33 ▲ 0.05% XLM 0.18 ▼ 1.93% HBAR 0.07 ▲ 0.96% NEAR 1.86 ▼ 0.32% ATOM 1.46 ▼ 0.24% AAVE 97.08 ▼ 0.28% SELIC 14.25% EMBRAER 83.79 ▲ 1.38% INTER 5.69 ▲ 1.97% IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 ▲ 2.98% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL 5.04 ▼ 0.21% USD/MXN 17.43 ▲ 0.21% USD/CLP 937.27 ▲ 0.17% USD/COP 3,212 ▼ 0.47% USD/PEN 3.39 ▼ 0.27% USD/ARS 1,482 ▼ 0.03% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,035 ▲ 1.38% USD/BOB 10.95 ▲ 2.82% USD/DOP 57.92 ▼ 0.14% USD/CRC 447.42 ▲ 1.36% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.36% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.76 ▼ 0.61% BRENT 86.34 ▼ 8.22% WTI 89.59 ▲ 3.18% IRON ORE 161.91 — — COPPER 6.45 ▼ 0.05% GOLD 4,095 ▼ 1.25% SILVER 59.06 ▼ 1.60% SOY 1,241 ▲ 0.67% CORN 487.00 ▲ 5.41% WHEAT 707.00 ▲ 0.18% COFFEE 304.40 ▼ 8.30% SUGAR 14.81 ▲ 0.47% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.06 ▲ 1.49% COCOA 5,492 ▼ 2.05% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.77% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 1.73% VIVT3 35.38 ▼ 0.81% RAIL3 13.64 ▲ 0.52% KLABIN 17.93 ▲ 2.57% RAIA DROGASIL 18.29 ▼ 2.14% RDOR3 34.49 ▼ 2.71% HAPV3 11.39 ▼ 1.39% FLRY3 16.65 ▲ 0.54% SMTO3 16.05 ▲ 4.15% UGPA3 32.83 ▲ 3.56% VBBR3 34.98 ▲ 2.55% BBSE3 42.58 ▲ 3.73% BPAC11 57.02 ▲ 2.11% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,395 ▼ 1.07% ETH 1,914 ▼ 1.00% SOL 77.12 ▼ 1.01% XRP 1.13 ▼ 0.74% BNB 569.64 ▼ 0.20% ADA 0.17 ▼ 0.69% DOGE 0.07 ▼ 1.07% AVAX 6.55 ▼ 1.01% LINK 8.53 ▼ 1.12% DOT 0.82 ▼ 1.70% LTC 46.91 ▼ 0.34% BCH 215.72 ▼ 1.93% TRX 0.33 ▲ 0.05% XLM 0.18 ▼ 1.93% HBAR 0.07 ▲ 0.96% NEAR 1.86 ▼ 0.32% ATOM 1.46 ▼ 0.24% AAVE 97.08 ▼ 0.28% SELIC 14.25% EMBRAER 83.79 ▲ 1.38% INTER 5.69 ▲ 1.97%
since 2009
Thursday, July 23, 2026

Brazil Politics - Brazil

Austria Pulls Out: Brazil’s COP30 Ambitions Marred by Soaring Costs and Exclusive Access

By · August 6, 2025 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Austria’s president has withdrawn from COP30 in Belém, pointing to huge travel and hotel costs that his government refuses to cover. This decision puts a harsh spotlight on Brazil’s climate leadership claims.

Instead of opening its doors, Brazil stands accused of pricing out those most affected by climate change—poorer countries, small delegations, and grassroots activists.

Many international delegations now publicly say they cannot justify $700 to $2,000 per night for basic rooms in Belém, especially when those prices outpace five-star hotels in Europe or São Paulo.

Twenty-seven countries have formally demanded action, warning that high costs and scarce rooms threaten to gut the talks’ legitimacy.

Civil society organizations and NGOs call the situation a barrier, saying it risks making COP30 a summit mainly for the wealthy and well-connected.

Brazil’s government insists it will solve the problem, offering cruise ships and new accommodation—yet room prices remain far out of reach for many delegations and NGOs.

Austria Pulls Out: Brazil’s COP30 Ambitions Marred by Soaring Costs and Exclusive Access
Austria Pulls Out: Brazil’s COP30 Ambitions Marred by Soaring Costs and Exclusive Access. (Photo Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Officials refuse to consider moving the venue or making major changes, even as diplomats recall the recent BRICS summit flop, where several key leaders also declined to attend.

Why does this matter? Brazil wants to claim the mantle of climate champion, but if only diplomats who can pay high prices can attend COP30, the summit becomes a marketplace, not a forum for solutions.

Exclusion at COP30 Undermines Brazil’s Climate Leadership Claims

The lack of inclusivity undermines both the credibility of the event and Brazil’s image as an advocate for the global South. The real story is not just about hotels or flights; it’s about who gets to shape the climate agenda.

Raising costs to the point that the people most threatened by climate change—the poor, indigenous communities, and small developing nations—cannot attend suggests that climate politics, at least in this instance, is for sale to the highest bidder.

As leaders and activists reconsider their participation, Brazil’s pitch as a global climate leader looks more like a business strategy serving those who can pay.

 

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.