Lula da Silva’s election in Brazil has put the conservation of the world’s rainforests back on the table. Three countries are home to more than half of the world’s tropical rainforests.
Brazil, Indonesia, and the Democratic Republic of Congo have joined forces to launch an “OPEC for the rainforests” in the style of the group of countries that manage oil production around the world (Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Republic of Congo, Saudi Arabia, United Arab Emirates, and Venezuela).
According to The Guardian, this alliance will allow Brazil, Indonesia, the Congo, and other rainforest countries to propose carbon emissions affecting their forests, finance, or be present at global climate talks.
Deforestation, commercial logging, and mining are other challenges that the three forest-hosting countries of the Amazon, Congo Basin, plus Borneo and Sumatra will fight against and agree to reverse by 2030, according to the Glasgow COP26 agreement.
The intention is to reach zero deforestation in the Amazon and eliminate more than a thousand tons of CO₂ into the atmosphere over several decades.
With information from El Debate
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Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.39%
168,498.45
+1.39%
71,393.57
+0.43%
10,536.54
+0.68%
2,848,945
—
2,485.26
+0.03%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 168,498.45 | +1.39% | +9.89% | 166,191.45 | — | — | — |
| USD/BRL | 5.50 | -0.19% | +2.56% | 5.51 | 5.51 | 5.50 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 45.36 | +0.00% | +46.28% | 45.36 | 45.36 | — | — |
| VALE3 | 64.04 | +0.00% | -2.23% | 64.04 | 64.04 | — | — |
| ITUB4 | 40.53 | +0.00% | +4.03% | 40.53 | 40.53 | — | — |
| BBDC4 | 14.20 | +0.00% | -24.10% | 14.20 | 14.20 | — | — |
| BBAS3 | 17.13 | +0.00% | -25.07% | 17.13 | 17.13 | — | — |
| B3SA3 | 14.39 | +0.00% | +9.85% | 14.39 | 14.39 | — | — |
| ABEV3 | 15.48 | +0.00% | +18.35% | 15.48 | 15.48 | — | — |
| WEGE3 | 48.19 | +0.00% | +9.75% | 48.19 | 48.19 | — | — |
| PRIO3 | 60.48 | +0.00% | +57.25% | 60.48 | 60.48 | — | — |
| SUZB3 | 53.40 | +2.12% | +9.76% | 52.29 | 53.42 | 50.10 | 13,908,400 |
| RENT3 | 30.29 | +0.00% | -26.39% | 30.29 | 30.29 | — | — |
| AZZA3 | 14.76 | +4.98% | -47.66% | 14.06 | 15.19 | 13.80 | 4,143,600 |
| CSNA3 | 4.41 | +0.00% | -48.12% | 4.41 | 4.41 | — | — |
| GGBR4 | 24.15 | +0.00% | +26.31% | 24.15 | 24.15 | — | — |
| ENEV3 | 26.84 | +0.00% | +40.16% | 26.84 | 26.84 | — | — |
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