IBOV 171,766.17 ▼ 0.24% IPSA 11,165.77 ▼ 0.91% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,158,939 ▲ 1.18% COLCAP 2,427.14 ▲ 2.30% BVL PERÚ 59,693.55 ▼ 0.09% USD/BRL5.16▲ 1.01% USD/MXN17.11▼ 0.16% USD/CLP914.88▼ 0.26% USD/COP3,118▼ 1.20% USD/PEN3.36▼ 0.54% USD/ARS1,492▼ 0.43% USD/UYU40.23▲ 1.56% USD/PYG5,925▲ 1.88% USD/BOB11.72▲ 0.37% USD/DOP58.20▲ 1.20% USD/CRC447.79▲ 1.51% USD/GTQ7.62▲ 2.47% USD/HNL26.78▲ 1.86% USD/NIO36.62▲ 1.01% USD/VES759.31▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.39% USD/TTD6.71▲ 1.22% EUR/BRL5.96▲ 1.50% BRENT 88.28 ▲ 0.64% WTI 82.58 ▲ 0.55% IRON ORE 161.91 — — COPPER 6.67 ▲ 1.08% GOLD 4,456 ▲ 2.15% SILVER 65.22 ▲ 0.18% SOY 1,171 ▲ 1.10% CORN 459.50 ▲ 4.85% WHEAT 633.50 ▼ 1.09% COFFEE 317.95 ▼ 4.32% SUGAR 16.60 ▲ 0.79% ORANGE JUICE 141.00 ▼ 0.60% COTTON 84.25 ▲ 1.85% COCOA 5,668 ▼ 2.63% BEEF 227.23 ▼ 2.59% CATTLE 346.98 ▼ 1.08% LITHIUM 74.35 ▼ 0.53% PETR4 41.66 ▼ 1.35% VALE3 75.65 ▲ 2.37% ITUB4 39.85 ▼ 1.41% BBDC4 17.04 ▼ 0.81% ABEV3 15.06 ▼ 1.38% BBAS3 19.77 ▼ 1.30% B3SA3 14.43 ▼ 1.64% WEGE3 47.78 ▲ 0.31% PRIO3 59.92 ▼ 2.16% SUZB3 40.85 ▼ 1.07% RENT3 35.70 ▼ 1.65% AZZA3 16.80 ▲ 0.30% CSAN3 3.37 ▼ 2.32% RAIZ4 0.25 — 0.00% PCAR3 2.79 ▼ 1.76% GMAT3 3.66 ▼ 0.54% PSSA3 49.07 ▼ 1.27% CVCB3 1.41 ▼ 0.70% POSI3 3.44 ▼ 1.71% SLCE3 13.34 ▼ 0.22% NATU3 8.36 ▲ 3.47% BRKM5 5.84 ▲ 1.57% RANI3 8.01 ▼ 0.12% CSNA3 4.42 ▼ 0.90% CMIN3 5.44 ▼ 0.37% USIM5 6.96 ▼ 2.79% GGBR4 24.63 ▼ 2.46% ENEV3 24.90 ▼ 1.66% CPFE3 44.06 ▼ 0.77% CMIG4 10.67 ▼ 0.09% EQTL3 36.12 ▼ 1.77% LREN3 12.26 ▲ 1.16% VIVT3 30.20 ▼ 1.15% RAIL3 13.17 ▼ 0.38% KLABIN 17.71 ▼ 0.84% RAIA DROGASIL 18.55 ▼ 4.28% RDOR3 33.50 ▼ 1.38% HAPV3 10.23 ▼ 0.68% FLRY3 18.68 ▲ 1.42% SMTO3 15.49 ▲ 3.61% UGPA3 31.21 ▲ 0.68% VBBR3 33.63 ▲ 0.57% BBSE3 37.46 ▼ 2.01% BPAC11 51.10 ▼ 5.12% CURY3 31.74 ▲ 0.16% AERI3 2.30 ▼ 0.43% VIVARA 21.55 ▼ 0.42% COMPASS 22.20 ▼ 1.42% VAMOS 2.87 ▼ 1.37% SANB11 29.57 ▲ 1.09% ASAI3 8.03 ▼ 0.37% SBSP3 26.14 ▼ 1.54% WALMEX 48.20 ▲ 0.04% GMEXICO 223.96 ▼ 0.39% FEMSA 203.77 ▼ 0.93% CEMEX 19.20 ▼ 1.44% GFNORTE 195.47 ▼ 0.85% BIMBO 61.55 ▼ 0.06% TELEVISA 9.78 ▼ 1.91% AMX 20.13 ▼ 1.71% GAP 365.09 ▼ 1.40% ASUR 271.39 ▼ 1.18% OMA 231.98 ▼ 0.22% KOF 186.19 ▼ 0.23% GRUMA 254.29 ▼ 0.27% KIMBER 40.33 ▲ 0.07% SQM-B 66,217 ▼ 1.09% COPEC 6,067 ▼ 0.58% BSANTANDER 80.25 ▼ 1.89% FALABELLA 6,360 ▼ 1.23% ENELAM 87.46 ▼ 0.05% CENCOSUD 2,003 ▼ 2.27% CMPC 1,030 ▼ 0.54% BANCO CHILE 187.44 ▼ 1.22% LATAM AIR 24.52 ▼ 1.09% YPF 8,100 ▲ 0.43% GGAL 7,325 ▼ 0.48% PAMPA 5,235 ▼ 0.10% TXAR 745.50 ▼ 1.19% ALUAR 948.00 ▼ 0.37% TGS 9,225 ▼ 1.13% CEPU 2,203 ▲ 0.69% MIRGOR 1,655 ▼ 2.07% COME 43.72 ▲ 1.94% LOMA NEGRA 3,250 ▼ 0.31% BYMA 286.75 — 0.00% TELECOM ARG 4,478 ▼ 0.94% ECOPETROL 16.99 ▼ 0.38% BANCOLOMBIA 99.45 ▲ 8.72% GRUPO AVAL 5.37 ▲ 1.70% CREDICORP 379.73 ▼ 0.65% SOUTHERN COPPER 195.04 ▼ 2.53% BUENAVENTURA 34.99 ▲ 1.18% MERCADOLIBRE 1,904 ▲ 4.34% NUBANK 13.78 ▼ 0.58% XP 15.97 ▼ 1.42% PAGSEGURO 9.00 ▼ 0.94% STONE 10.28 ▼ 0.87% GLOBANT 39.66 ▲ 2.88% TECNOGLASS 42.66 ▲ 2.96% GAP AIRPORT 213.37 ▼ 1.30% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.46 ▼ 0.07% AMX ADR 23.41 ▼ 2.01% FEMSA ADR 118.68 ▼ 1.04% CEMEX ADR 11.18 ▼ 1.11% PETROBRAS ADR 18.08 ▼ 1.36% VALE ADR 14.67 ▼ 1.48% ITAU ADR 7.72 ▼ 2.03% SANTANDER BR 5.80 ▲ 0.61% AMBEV ADR 2.89 ▼ 1.87% CSN 0.88 ▼ 1.79% GERDAU 4.82 ▼ 2.92% LATAM ADR 53.45 ▼ 0.54% BTC 63,757 ▼ 0.24% ETH 1,873 ▲ 0.11% SOL 75.16 ▼ 1.03% XRP 1.00 ▼ 1.39% BNB 607.57 ▲ 1.48% ADA 0.18 ▼ 3.33% DOGE 0.07 ▲ 0.76% AVAX 6.17 ▼ 4.13% LINK 8.54 ▲ 2.98% DOT 0.78 ▼ 3.19% LTC 44.98 ▼ 0.29% BCH 212.24 ▼ 0.41% TRX 0.33 ▲ 1.30% XLM 0.16 ▼ 1.25% HBAR 0.07 ▼ 1.73% NEAR 1.54 ▼ 3.88% ATOM 1.41 ▲ 1.06% AAVE 87.62 ▼ 1.70% SELIC 14.00% EMBRAER 94.63 ▼ 0.03% EMBRAER ADR 73.40 ▼ 0.54% JBS 13.28 ▼ 1.01% JBS BDR 68.37 ▼ 0.78% MBRF3 15.73 ▼ 1.32% MBRFY 3.01 ▼ 2.90% INTER 5.32 ▼ 0.65% EGX 54,829 ▼ 0.09% USD/ZAR16.22▲ 0.13% USD/NGN1,360▼ 0.09% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY 159.22 — 0.00% USD/CNY6.73▼ 0.19% DAX 26,473 ▲ 0.57% CAC 8,738 ▲ 0.13% FTSE 10,854 ▼ 0.07% MIB 53,769 ▲ 0.20% IBEX 20,229 ▲ 0.28% STOXX 661.84 ▲ 0.21% EUR/USD1.15— 0.00% GBP/USD 1.3507 — 0.00% SPX 7,750 ▼ 0.04% DJI 53,939 ▼ 0.07% NDX 29,606 ▼ 0.05% RUT 3,033 ▲ 0.50% TSX 36,559 ▲ 0.28% VIX 15.24 ▼ 1.42% USD/CAD1.39▼ 0.08% US10Y 4.6840 ▼ 0.32% IBOV 171,766.17 ▼ 0.24% IPSA 11,165.77 ▼ 0.91% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,158,939 ▲ 1.18% COLCAP 2,427.14 ▲ 2.30% BVL PERÚ 59,693.55 ▼ 0.09% USD/BRL 5.14 ▲ 0.66% USD/MXN 17.11 ▼ 0.16% USD/CLP 913.89 ▼ 0.37% USD/COP 3,111 ▼ 1.41% USD/PEN 3.37 ▼ 0.13% USD/ARS 1,492 ▼ 0.43% USD/UYU 40.23 ▲ 1.56% USD/PYG 5,925 ▲ 1.88% USD/BOB 11.72 ▲ 0.37% USD/DOP 58.20 ▲ 1.20% USD/CRC 447.79 ▲ 1.51% USD/GTQ 7.62 ▲ 2.47% USD/HNL 26.78 ▲ 1.86% USD/NIO 36.62 ▲ 1.01% USD/VES 759.31 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.39% USD/TTD 6.71 ▲ 1.22% EUR/BRL 5.93 ▲ 1.13% BRENT 88.28 ▲ 0.64% WTI 82.58 ▲ 0.55% IRON ORE 161.91 — — COPPER 6.67 ▲ 1.08% GOLD 4,456 ▲ 2.15% SILVER 65.22 ▲ 0.18% SOY 1,171 ▲ 1.10% CORN 459.50 ▲ 4.85% WHEAT 633.50 ▼ 1.09% COFFEE 317.95 ▼ 4.32% SUGAR 16.60 ▲ 0.79% ORANGE JUICE 141.00 ▼ 0.60% COTTON 84.25 ▲ 1.85% COCOA 5,668 ▼ 2.63% BEEF 227.23 ▼ 2.59% CATTLE 346.98 ▼ 1.08% LITHIUM 74.35 ▼ 0.53% PETR4 41.66 ▼ 1.35% VALE3 75.65 ▲ 2.37% ITUB4 39.85 ▼ 1.41% BBDC4 17.04 ▼ 0.81% ABEV3 15.06 ▼ 1.38% BBAS3 19.77 ▼ 1.30% B3SA3 14.43 ▼ 1.64% WEGE3 47.78 ▲ 0.31% PRIO3 59.92 ▼ 2.16% SUZB3 40.85 ▼ 1.07% RENT3 35.70 ▼ 1.65% AZZA3 16.80 ▲ 0.30% CSAN3 3.37 ▼ 2.32% RAIZ4 0.25 — 0.00% PCAR3 2.79 ▼ 1.76% GMAT3 3.66 ▼ 0.54% PSSA3 49.07 ▼ 1.27% CVCB3 1.41 ▼ 0.70% POSI3 3.44 ▼ 1.71% SLCE3 13.34 ▼ 0.22% NATU3 8.36 ▲ 3.47% BRKM5 5.84 ▲ 1.57% RANI3 8.01 ▼ 0.12% CSNA3 4.42 ▼ 0.90% CMIN3 5.44 ▼ 0.37% USIM5 6.96 ▼ 2.79% GGBR4 24.63 ▼ 2.46% ENEV3 24.90 ▼ 1.66% CPFE3 44.06 ▼ 0.77% CMIG4 10.67 ▼ 0.09% EQTL3 36.12 ▼ 1.77% LREN3 12.26 ▲ 1.16% VIVT3 30.20 ▼ 1.15% RAIL3 13.17 ▼ 0.38% KLABIN 17.71 ▼ 0.84% RAIA DROGASIL 18.55 ▼ 4.28% RDOR3 33.50 ▼ 1.38% HAPV3 10.23 ▼ 0.68% FLRY3 18.68 ▲ 1.42% SMTO3 15.49 ▲ 3.61% UGPA3 31.21 ▲ 0.68% VBBR3 33.63 ▲ 0.57% BBSE3 37.46 ▼ 2.01% BPAC11 51.10 ▼ 5.12% CURY3 31.74 ▲ 0.16% AERI3 2.30 ▼ 0.43% VIVARA 21.55 ▼ 0.42% COMPASS 22.20 ▼ 1.42% VAMOS 2.87 ▼ 1.37% SANB11 29.57 ▲ 1.09% ASAI3 8.03 ▼ 0.37% SBSP3 26.14 ▼ 1.54% WALMEX 48.20 ▲ 0.04% GMEXICO 223.96 ▼ 0.39% FEMSA 203.77 ▼ 0.93% CEMEX 19.20 ▼ 1.44% GFNORTE 195.47 ▼ 0.85% BIMBO 61.55 ▼ 0.06% TELEVISA 9.78 ▼ 1.91% AMX 20.13 ▼ 1.71% GAP 365.09 ▼ 1.40% ASUR 271.39 ▼ 1.18% OMA 231.98 ▼ 0.22% KOF 186.19 ▼ 0.23% GRUMA 254.29 ▼ 0.27% KIMBER 40.33 ▲ 0.07% SQM-B 66,217 ▼ 1.09% COPEC 6,067 ▼ 0.58% BSANTANDER 80.25 ▼ 1.89% FALABELLA 6,360 ▼ 1.23% ENELAM 87.46 ▼ 0.05% CENCOSUD 2,003 ▼ 2.27% CMPC 1,030 ▼ 0.54% BANCO CHILE 187.44 ▼ 1.22% LATAM AIR 24.52 ▼ 1.09% YPF 8,100 ▲ 0.43% GGAL 7,325 ▼ 0.48% PAMPA 5,235 ▼ 0.10% TXAR 745.50 ▼ 1.19% ALUAR 948.00 ▼ 0.37% TGS 9,225 ▼ 1.13% CEPU 2,203 ▲ 0.69% MIRGOR 1,655 ▼ 2.07% COME 43.72 ▲ 1.94% LOMA NEGRA 3,250 ▼ 0.31% BYMA 286.75 — 0.00% TELECOM ARG 4,478 ▼ 0.94% ECOPETROL 16.99 ▼ 0.38% BANCOLOMBIA 99.45 ▲ 8.72% GRUPO AVAL 5.37 ▲ 1.70% CREDICORP 379.73 ▼ 0.65% SOUTHERN COPPER 195.04 ▼ 2.53% BUENAVENTURA 34.99 ▲ 1.18% MERCADOLIBRE 1,904 ▲ 4.34% NUBANK 13.78 ▼ 0.58% XP 15.97 ▼ 1.42% PAGSEGURO 9.00 ▼ 0.94% STONE 10.28 ▼ 0.87% GLOBANT 39.66 ▲ 2.88% TECNOGLASS 42.66 ▲ 2.96% GAP AIRPORT 213.37 ▼ 1.30% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.46 ▼ 0.07% AMX ADR 23.41 ▼ 2.01% FEMSA ADR 118.68 ▼ 1.04% CEMEX ADR 11.18 ▼ 1.11% PETROBRAS ADR 18.08 ▼ 1.36% VALE ADR 14.67 ▼ 1.48% ITAU ADR 7.72 ▼ 2.03% SANTANDER BR 5.80 ▲ 0.61% AMBEV ADR 2.89 ▼ 1.87% CSN 0.88 ▼ 1.79% GERDAU 4.82 ▼ 2.92% LATAM ADR 53.45 ▼ 0.54% BTC 63,757 ▼ 0.24% ETH 1,873 ▲ 0.11% SOL 75.16 ▼ 1.03% XRP 1.00 ▼ 1.39% BNB 607.57 ▲ 1.48% ADA 0.18 ▼ 3.33% DOGE 0.07 ▲ 0.76% AVAX 6.17 ▼ 4.13% LINK 8.54 ▲ 2.98% DOT 0.78 ▼ 3.19% LTC 44.98 ▼ 0.29% BCH 212.24 ▼ 0.41% TRX 0.33 ▲ 1.30% XLM 0.16 ▼ 1.25% HBAR 0.07 ▼ 1.73% NEAR 1.54 ▼ 3.88% ATOM 1.41 ▲ 1.06% AAVE 87.62 ▼ 1.70% SELIC 14.00% EMBRAER 94.63 ▼ 0.03% EMBRAER ADR 73.40 ▼ 0.54% JBS 13.28 ▼ 1.01% JBS BDR 68.37 ▼ 0.78% MBRF3 15.73 ▼ 1.32% MBRFY 3.01 ▼ 2.90% INTER 5.32 ▼ 0.65% EGX 54,829 ▼ 0.09% USD/ZAR 16.19 ▲ 0.02% USD/NGN 1,360 ▲ 0.10% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY 159.22 — 0.00% USD/CNY 6.7329 ▼ 0.06% DAX 26,473 ▲ 0.57% CAC 8,738 ▲ 0.13% FTSE 10,854 ▼ 0.07% MIB 53,769 ▲ 0.20% IBEX 20,229 ▲ 0.28% STOXX 661.84 ▲ 0.21% EUR/USD 1.1545 ▼ 0.01% GBP/USD 1.3507 — 0.00% SPX 7,750 ▼ 0.04% DJI 53,939 ▼ 0.07% NDX 29,606 ▼ 0.05% RUT 3,033 ▲ 0.50% TSX 36,559 ▲ 0.28% VIX 15.24 ▼ 1.42% USD/CAD 1.3926 ▼ 0.05% US10Y 4.6840 ▼ 0.32%
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The World Economic Forum aims to eliminate 75% of the world’s vehicles by 2050

By · June 26, 2023 · 2 min read

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The World Economic Forum (WEF) has put forward a proposition in their recent report, “The Urban Mobility Scorecard: Benchmarking the Transition to Sustainable Urban Mobility,” suggesting eliminating 75% of the world’s vehicle fleet by 2050 to address climate change.

The objective of reducing vehicles is seen as a step toward their vision of a future where citizens have fewer possessions.

Urbanization and population growth are driving factors behind the WEF’s proposal.

With an estimated 70% of the global population expected to reside in urban areas by 2050, managing the increased demand for transportation and supply chains poses significant challenges.

The World Economic Forum aims to eliminate 75% of the world's vehicles by 2050
The World Economic Forum aims to eliminate 75% of the world’s vehicles by 2050. (Photo Internet reproduction)
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The WEF looks to the Paris Agreement as a framework, striving for sustainable, healthy, and prosperous cities by eliminating 75% of private vehicles, potentially reducing 4.6 billion tons of carbon dioxide emissions.

While the automotive industry has emphasized the development of electric cars as an alternative to combustion engines, the WEF asserts that electric vehicles alone are insufficient.

They advocate for a shift to shared mobility alongside electrification to achieve emissions reductions and address congestion and health issues.

Shared mobility is central to the WEF’s vision for the future, suggesting that private vehicle ownership will decline, particularly for lower-income individuals.

Only higher-income citizens may have access to more polluting and powerful vehicles, while others must rely on shared transportation.

The WEF also promotes the expansion of public and shared transport systems, connected and autonomous vehicles, and creating of compact cities suitable for walking and cycling.

While framed as beneficial for the planet, it is important to note that these measures may have a significant impact on the average citizen.

The proposals put forth by international institutions like the WEF influence how, where, and to what extent people can move, ultimately affecting everyday individuals.

The climate change argument can be seen as a justification for the somewhat patronizing intentions of a select group, although there is a growing acceptance of such proposals among certain segments of the population, often unaware of the potential consequences.

In summary, the WEF’s proposal aims to reduce the global vehicle fleet by 75% by 2050 to address climate change and promote sustainable urban mobility.

While the intention is to create eco-friendly cities, the impact on the ordinary citizen should be considered, as these measures may significantly influence their daily lives.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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