IBOV 175,639.16 ▲ 1.01% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,297,051 ▲ 1.98% COLCAP 2,311.69 ▲ 0.30% BVL PERÚ 57,107.38 — — USD/BRL5.07▼ 0.96% USD/MXN17.36▼ 0.46% USD/CLP924.29▼ 1.00% USD/COP3,110▼ 3.15% USD/PEN3.39▼ 0.33% USD/ARS1,491▼ 0.30% USD/UYU40.22▲ 1.47% USD/PYG5,941▲ 0.68% USD/BOB11.80▲ 5.19% USD/DOP57.95▲ 0.09% USD/CRC449.30▲ 1.51% USD/GTQ7.63▲ 2.33% USD/HNL26.76▲ 0.31% USD/NIO36.62▼ 0.15% USD/VES743.77▲ 0.25% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.40% USD/TTD6.75▲ 1.19% EUR/BRL5.84▼ 0.09% BRENT 89.72 ▼ 1.12% WTI 83.99 ▼ 0.56% IRON ORE 161.91 — — COPPER 6.48 ▲ 3.27% GOLD 4,167 ▲ 3.27% SILVER 58.90 ▲ 1.79% SOY 1,194 ▲ 1.38% CORN 471.50 ▲ 5.01% WHEAT 669.00 ▲ 1.25% COFFEE 323.90 ▼ 0.58% SUGAR 14.44 ▼ 0.41% ORANGE JUICE 143.00 ▲ 3.66% COTTON 81.10 ▲ 3.95% COCOA 5,127 ▼ 1.12% BEEF 226.23 ▼ 0.73% CATTLE 340.90 ▼ 0.98% LITHIUM 69.57 ▲ 4.24% PETR4 42.53 ▲ 1.26% VALE3 75.54 ▲ 0.65% ITUB4 42.59 ▲ 1.84% BBDC4 18.25 ▼ 0.55% ABEV3 15.68 ▼ 1.38% BBAS3 21.04 ▲ 1.25% B3SA3 15.48 ▲ 1.04% WEGE3 46.76 ▲ 2.45% PRIO3 59.28 ▲ 1.49% SUZB3 42.35 ▲ 0.12% RENT3 38.06 ▲ 1.66% AZZA3 16.02 ▼ 0.81% CSAN3 3.97 ▲ 2.06% RAIZ4 0.26 — 0.00% PCAR3 2.81 — 0.00% GMAT3 3.96 ▲ 1.80% PSSA3 54.14 ▲ 0.61% CVCB3 1.30 ▲ 1.56% POSI3 3.56 ▲ 0.28% SLCE3 13.34 ▲ 1.91% NATU3 8.35 ▲ 0.97% BRKM5 5.90 ▲ 3.15% RANI3 7.97 ▲ 0.13% CSNA3 5.17 ▼ 0.58% CMIN3 6.03 ▲ 0.84% USIM5 7.83 ▼ 5.89% GGBR4 24.92 ▲ 0.52% ENEV3 26.07 ▲ 0.77% CPFE3 45.65 ▲ 1.92% CMIG4 11.21 ▲ 1.91% EQTL3 38.43 ▲ 1.61% LREN3 13.49 ▲ 0.97% VIVT3 32.62 ▲ 0.25% RAIL3 14.15 ▲ 1.43% KLABIN 18.02 — 0.00% RAIA DROGASIL 18.07 ▲ 1.75% RDOR3 34.41 ▲ 1.65% HAPV3 10.90 ▲ 3.32% FLRY3 16.99 ▲ 0.95% SMTO3 14.27 — 0.00% UGPA3 32.58 ▲ 1.81% VBBR3 35.59 ▲ 2.86% BBSE3 40.90 ▼ 0.05% BPAC11 56.11 ▲ 2.65% CURY3 29.98 ▲ 3.92% AERI3 2.12 ▲ 0.47% VIVARA 22.20 ▼ 0.67% COMPASS 24.43 ▲ 0.91% VAMOS 3.40 ▲ 2.72% SANB11 25.35 ▼ 1.09% ASAI3 8.40 ▲ 1.20% SBSP3 27.18 ▲ 2.14% WALMEX 49.65 ▲ 0.38% GMEXICO 211.69 ▲ 2.37% FEMSA 214.78 ▲ 1.24% CEMEX 20.52 ▼ 0.34% GFNORTE 201.28 ▲ 2.32% BIMBO 60.06 ▲ 0.30% TELEVISA 9.85 ▼ 0.10% AMX 21.96 ▲ 0.60% GAP 380.77 ▲ 0.45% ASUR 276.97 ▲ 1.84% OMA 233.22 ▲ 0.24% KOF 188.78 ▲ 1.04% GRUMA 266.99 ▼ 0.09% KIMBER 40.30 ▼ 0.35% SQM-B 62,666 ▼ 1.78% COPEC 6,369 ▲ 2.89% BSANTANDER 81.00 ▲ 0.95% FALABELLA 6,148 ▼ 1.10% ENELAM 87.73 ▲ 1.20% CENCOSUD 1,940 ▲ 1.08% CMPC 1,037 ▲ 0.16% BANCO CHILE 193.50 ▲ 1.31% LATAM AIR 24.56 ▲ 0.66% YPF 81,325 ▲ 1.94% GGAL 8,010 ▲ 2.76% PAMPA 5,530 ▲ 2.98% TXAR 652.00 ▼ 0.91% ALUAR 966.00 ▼ 0.72% TGS 9,860 ▲ 3.68% CEPU 2,377 ▲ 3.75% MIRGOR 16,525 ▼ 0.15% COME 44.57 ▲ 4.53% LOMA NEGRA 3,663 ▼ 0.27% BYMA 298.00 — 0.00% TELECOM ARG 4,335 ▲ 1.05% ECOPETROL 16.70 ▲ 1.83% BANCOLOMBIA 93.65 ▲ 4.67% GRUPO AVAL 5.10 ▲ 3.98% CREDICORP 400.85 ▲ 4.41% SOUTHERN COPPER 184.19 ▲ 4.97% BUENAVENTURA 31.78 ▲ 5.16% MERCADOLIBRE 1,854 ▼ 0.52% NUBANK 14.39 ▲ 2.49% XP 17.03 ▲ 4.41% PAGSEGURO 9.68 ▲ 1.42% STONE 11.15 ▲ 1.69% GLOBANT 36.12 ▼ 5.32% TECNOGLASS 43.60 ▼ 2.85% GAP AIRPORT 218.39 ▲ 0.65% ASUR 276.97 ▲ 1.84% OMA AIRPORT 107.57 ▲ 1.12% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 123.83 ▲ 2.28% CEMEX ADR 11.86 ▲ 1.32% PETROBRAS ADR 19.01 ▲ 2.23% VALE ADR 14.88 ▲ 1.54% ITAU ADR 8.40 ▲ 3.07% SANTANDER BR 5.03 ▼ 1.47% AMBEV ADR 3.04 ▼ 1.94% CSN 1.03 — 0.00% GERDAU 4.95 ▲ 1.85% LATAM ADR 53.12 ▲ 2.05% BTC 64,734 ▲ 1.29% ETH 1,916 ▲ 0.38% SOL 74.42 ▲ 1.12% XRP 1.09 ▲ 1.47% BNB 591.94 ▲ 3.59% ADA 0.17 ▲ 5.61% DOGE 0.07 ▲ 0.54% AVAX 6.47 ▲ 0.77% LINK 8.45 ▲ 1.53% DOT 0.77 ▲ 0.83% LTC 45.31 ▼ 0.22% BCH 218.33 ▲ 3.41% TRX 0.33 ▲ 1.05% XLM 0.17 ▲ 0.28% HBAR 0.07 ▲ 0.46% NEAR 1.67 ▲ 2.78% ATOM 1.29 ▲ 0.61% AAVE 99.56 ▲ 3.65% SELIC 14.25% EMBRAER 85.61 ▼ 0.56% EMBRAER ADR 67.43 ▼ 0.34% JBS 14.18 ▼ 0.39% JBS BDR 71.91 ▼ 0.65% MBRF3 17.62 ▲ 5.76% MBRFY 3.38 ▲ 6.29% INTER 5.59 ▲ 3.23% EGX 53,442 ▼ 0.35% USD/ZAR16.50▼ 0.89% USD/NGN1,362▼ 0.25% NIKKEI 61,867 ▲ 0.71% CSI300 4,550 ▼ 1.10% HSI 25,859 ▲ 0.20% NIFTY 24,317 ▲ 0.28% KOSPI 5,594 ▼ 1.23% JCI 6,186 ▲ 1.56% USD/JPY159.66▼ 2.29% USD/CNY6.74▼ 0.37% DAX 25,612 ▲ 0.60% CAC 8,486 ▲ 0.92% FTSE 10,897 ▼ 0.10% MIB 52,104 ▲ 1.29% IBEX 19,758 ▲ 1.78% STOXX 649.95 ▲ 0.77% EUR/USD1.15▲ 0.48% GBP/USD1.35▲ 1.31% SPX 7,408 ▲ 1.26% DJI 52,056 ▲ 0.89% NDX 27,956 ▲ 2.81% RUT 2,930 ▲ 0.81% TSX 35,375 ▲ 0.12% VIX 18.19 ▼ 11.96% USD/CAD1.40▼ 0.35% US10Y 4.6590 ▲ 0.80% IBOV 175,639.16 ▲ 1.01% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,297,051 ▲ 1.98% COLCAP 2,311.69 ▲ 0.30% BVL PERÚ 57,107.38 — — USD/BRL 5.07 ▼ 0.96% USD/MXN 17.36 ▼ 0.46% USD/CLP 924.29 ▼ 1.00% USD/COP 3,110 ▼ 3.15% USD/PEN 3.39 ▼ 0.33% USD/ARS 1,491 ▼ 0.30% USD/UYU 40.22 ▲ 1.47% USD/PYG 5,941 ▲ 0.68% USD/BOB 11.80 ▲ 5.19% USD/DOP 57.95 ▲ 0.09% USD/CRC 449.30 ▲ 1.51% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.76 ▲ 0.31% 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 ▲ 1.19% EUR/BRL 5.84 ▼ 0.06% BRENT 89.72 ▼ 1.12% WTI 83.99 ▼ 0.56% IRON ORE 161.91 — — COPPER 6.48 ▲ 3.27% GOLD 4,167 ▲ 3.27% SILVER 58.90 ▲ 1.79% SOY 1,194 ▲ 1.38% CORN 471.50 ▲ 5.01% WHEAT 669.00 ▲ 1.25% COFFEE 323.90 ▼ 0.58% SUGAR 14.44 ▼ 0.41% ORANGE JUICE 143.00 ▲ 3.66% COTTON 81.10 ▲ 3.95% COCOA 5,127 ▼ 1.12% BEEF 226.23 ▼ 0.73% CATTLE 340.90 ▼ 0.98% LITHIUM 69.57 ▲ 4.24% PETR4 42.53 ▲ 1.26% VALE3 75.54 ▲ 0.65% ITUB4 42.59 ▲ 1.84% BBDC4 18.25 ▼ 0.55% ABEV3 15.68 ▼ 1.38% BBAS3 21.04 ▲ 1.25% B3SA3 15.48 ▲ 1.04% WEGE3 46.76 ▲ 2.45% PRIO3 59.28 ▲ 1.49% SUZB3 42.35 ▲ 0.12% RENT3 38.06 ▲ 1.66% AZZA3 16.02 ▼ 0.81% CSAN3 3.97 ▲ 2.06% RAIZ4 0.26 — 0.00% PCAR3 2.81 — 0.00% GMAT3 3.96 ▲ 1.80% PSSA3 54.14 ▲ 0.61% CVCB3 1.30 ▲ 1.56% POSI3 3.56 ▲ 0.28% SLCE3 13.34 ▲ 1.91% NATU3 8.35 ▲ 0.97% BRKM5 5.90 ▲ 3.15% RANI3 7.97 ▲ 0.13% CSNA3 5.17 ▼ 0.58% CMIN3 6.03 ▲ 0.84% USIM5 7.83 ▼ 5.89% GGBR4 24.92 ▲ 0.52% ENEV3 26.07 ▲ 0.77% CPFE3 45.65 ▲ 1.92% CMIG4 11.21 ▲ 1.91% EQTL3 38.43 ▲ 1.61% LREN3 13.49 ▲ 0.97% VIVT3 32.62 ▲ 0.25% RAIL3 14.15 ▲ 1.43% KLABIN 18.02 — 0.00% RAIA DROGASIL 18.07 ▲ 1.75% RDOR3 34.41 ▲ 1.65% HAPV3 10.90 ▲ 3.32% FLRY3 16.99 ▲ 0.95% SMTO3 14.27 — 0.00% UGPA3 32.58 ▲ 1.81% VBBR3 35.59 ▲ 2.86% BBSE3 40.90 ▼ 0.05% BPAC11 56.11 ▲ 2.65% CURY3 29.98 ▲ 3.92% AERI3 2.12 ▲ 0.47% VIVARA 22.20 ▼ 0.67% COMPASS 24.43 ▲ 0.91% VAMOS 3.40 ▲ 2.72% SANB11 25.35 ▼ 1.09% ASAI3 8.40 ▲ 1.20% SBSP3 27.18 ▲ 2.14% WALMEX 49.65 ▲ 0.38% GMEXICO 211.69 ▲ 2.37% FEMSA 214.78 ▲ 1.24% CEMEX 20.52 ▼ 0.34% GFNORTE 201.28 ▲ 2.32% BIMBO 60.06 ▲ 0.30% TELEVISA 9.85 ▼ 0.10% AMX 21.96 ▲ 0.60% GAP 380.77 ▲ 0.45% ASUR 276.97 ▲ 1.84% OMA 233.22 ▲ 0.24% KOF 188.78 ▲ 1.04% GRUMA 266.99 ▼ 0.09% KIMBER 40.30 ▼ 0.35% SQM-B 62,666 ▼ 1.78% COPEC 6,369 ▲ 2.89% BSANTANDER 81.00 ▲ 0.95% FALABELLA 6,148 ▼ 1.10% ENELAM 87.73 ▲ 1.20% CENCOSUD 1,940 ▲ 1.08% CMPC 1,037 ▲ 0.16% BANCO CHILE 193.50 ▲ 1.31% LATAM AIR 24.56 ▲ 0.66% YPF 81,325 ▲ 1.94% GGAL 8,010 ▲ 2.76% PAMPA 5,530 ▲ 2.98% TXAR 652.00 ▼ 0.91% ALUAR 966.00 ▼ 0.72% TGS 9,860 ▲ 3.68% CEPU 2,377 ▲ 3.75% MIRGOR 16,525 ▼ 0.15% COME 44.57 ▲ 4.53% LOMA NEGRA 3,663 ▼ 0.27% BYMA 298.00 — 0.00% TELECOM ARG 4,335 ▲ 1.05% ECOPETROL 16.70 ▲ 1.83% BANCOLOMBIA 93.65 ▲ 4.67% GRUPO AVAL 5.10 ▲ 3.98% CREDICORP 400.85 ▲ 4.41% SOUTHERN COPPER 184.19 ▲ 4.97% BUENAVENTURA 31.78 ▲ 5.16% MERCADOLIBRE 1,854 ▼ 0.52% NUBANK 14.39 ▲ 2.49% XP 17.03 ▲ 4.41% PAGSEGURO 9.68 ▲ 1.42% STONE 11.15 ▲ 1.69% GLOBANT 36.12 ▼ 5.32% TECNOGLASS 43.60 ▼ 2.85% GAP AIRPORT 218.39 ▲ 0.65% ASUR 276.97 ▲ 1.84% OMA AIRPORT 107.57 ▲ 1.12% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 123.83 ▲ 2.28% CEMEX ADR 11.86 ▲ 1.32% PETROBRAS ADR 19.01 ▲ 2.23% VALE ADR 14.88 ▲ 1.54% ITAU ADR 8.40 ▲ 3.07% SANTANDER BR 5.03 ▼ 1.47% AMBEV ADR 3.04 ▼ 1.94% CSN 1.03 — 0.00% GERDAU 4.95 ▲ 1.85% LATAM ADR 53.12 ▲ 2.05% BTC 64,734 ▲ 1.29% ETH 1,916 ▲ 0.38% SOL 74.42 ▲ 1.12% XRP 1.09 ▲ 1.47% BNB 591.94 ▲ 3.59% ADA 0.17 ▲ 5.61% DOGE 0.07 ▲ 0.54% AVAX 6.47 ▲ 0.77% LINK 8.45 ▲ 1.53% DOT 0.77 ▲ 0.83% LTC 45.31 ▼ 0.22% BCH 218.33 ▲ 3.41% TRX 0.33 ▲ 1.05% XLM 0.17 ▲ 0.28% HBAR 0.07 ▲ 0.46% NEAR 1.67 ▲ 2.78% ATOM 1.29 ▲ 0.61% AAVE 99.56 ▲ 3.65% SELIC 14.25% EMBRAER 85.61 ▼ 0.56% EMBRAER ADR 67.43 ▼ 0.34% JBS 14.18 ▼ 0.39% JBS BDR 71.91 ▼ 0.65% MBRF3 17.62 ▲ 5.76% MBRFY 3.38 ▲ 6.29% INTER 5.59 ▲ 3.23% EGX 53,442 ▼ 0.35% USD/ZAR 16.50 ▼ 1.00% USD/NGN 1,362 ▼ 0.07% NIKKEI 61,867 ▲ 0.71% CSI300 4,550 ▼ 1.10% HSI 25,859 ▲ 0.20% NIFTY 24,317 ▲ 0.28% KOSPI 5,594 ▼ 1.23% JCI 6,186 ▲ 1.56% USD/JPY 159.59 ▼ 2.32% USD/CNY 6.7413 ▼ 0.19% DAX 25,612 ▲ 0.60% CAC 8,486 ▲ 0.92% FTSE 10,897 ▼ 0.10% MIB 52,104 ▲ 1.29% IBEX 19,758 ▲ 1.78% STOXX 649.95 ▲ 0.77% EUR/USD 1.1527 ▲ 0.54% GBP/USD 1.3461 ▲ 0.72% SPX 7,408 ▲ 1.26% DJI 52,056 ▲ 0.89% NDX 27,956 ▲ 2.81% RUT 2,930 ▲ 0.81% TSX 35,375 ▲ 0.12% VIX 18.19 ▼ 11.96% USD/CAD 1.4001 ▼ 0.28% US10Y 4.6590 ▲ 0.80%
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Thursday, July 30, 2026

Brazil Analysis

Brazil Ranks 5th in Climate Litigation: Economic Implications and Global Trends

By · October 2, 2024 · 2 min read

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(Analysis) Climate litigation cases have surged worldwide, with Brazil ranking fifth globally. This trend reflects growing concerns about environmental issues and their economic impact.

In 2023 alone, 230 new cases emerged globally, with 55% originating in the United States. The United States leads the world in climate litigation, accounting for nearly two-thirds of all documented cases.

Of the 2,666 global cases, 1,745 are in the US. The United Kingdom follows with 139 cases, including 24 initiated last year. Australia, Brazil, and Germany are the top five countries with the highest number of climate lawsuits.

Australia has 132 total cases, Brazil 82, and Germany 60. This ranking highlights the increasing global focus on climate-related legal actions.

Brazil’s Climate Litigation Profile

Brazil’s 82 climate litigation cases represent diverse legal challenges. The country’s Public Ministry has filed 22 cases, while civil society organizations have initiated 21.

Brazil Ranks 5th in Climate Litigation: Economic Implications and Global Trends
Brazil Ranks 5th in Climate Litigation: Economic Implications and Global Trends. (Photo Internet reproduction)
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Other public bodies, including IBAMA and the Ministry of Environment, have filed 15 cases. Most climate lawsuits in Brazil target the state, but private companies now account for nearly 40% of all cases.

This shift indicates a growing trend of holding corporations accountable for environmental impacts. Over half of Brazil’s climate lawsuits relate to land use and forestry issues.

These cases equally target government inaction and individuals or companies responsible for deforestation. The Amazon rainforest features prominently, being the focus of 34 lawsuits.

Recent cases have combined climate, forest protection, and human rights arguments. A notable example is the Pará Public Ministry’s lawsuit against companies for “forest carbon appropriation.”

This case highlights the complex interplay between conservation efforts and indigenous rights.

Economic Implications for Brazil

Brazil’s position as the fourth-highest country in climate litigation cases raises questions about potential economic impacts.

Marina Freire, a partner at Madrona Fialho Advogados, suggests the consequences depend on how Brazil handles these cases.

Freire notes that a positive response from the judiciary could demonstrate Brazil’s commitment to environmental protection.

This approach could involve creating new regulations and public policies. However, an inadequate response might deter investments, portraying Brazil as lacking secure environmental policies.

The rise in climate litigation reflects a worldwide shift towards holding governments and corporations accountable for climate action.

However, this trend underscores the growing intersection of environmental concerns, legal systems, and economic considerations.

As climate change continues to impact global economies, the role of litigation in shaping environmental policies and corporate behavior is likely to expand.

In short, countries like Brazil with significant natural resources, may face increasing scrutiny and legal challenges in the coming years.

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