IBOV 167,950.36 ▼ 2.46% IPSA 11,082.75 ▼ 1.65% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,012,063 ▼ 3.52% COLCAP 2,427.20 ▲ 2.31% BVL PERÚ 59,693.55 ▼ 1.73% USD/BRL5.16▲ 0.99% USD/MXN17.08▼ 0.32% USD/CLP913.88▼ 0.37% USD/COP3,129▼ 0.84% USD/PEN3.38▼ 0.05% USD/ARS1,491▼ 0.53% USD/UYU40.23▲ 1.56% USD/PYG5,925▲ 1.88% USD/BOB11.72▲ 0.37% USD/DOP58.00▲ 0.85% 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/JMD157.40▲ 0.40% USD/TTD6.71▲ 1.22% EUR/BRL5.96▲ 1.51% BRENT 88.61 ▲ 1.01% WTI 83.09 ▲ 1.17% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.60% GOLD 4,444 ▲ 1.89% SILVER 65.10 ▼ 0.01% SOY 1,168 ▲ 0.86% CORN 460.75 ▲ 5.13% WHEAT 629.25 ▼ 1.76% COFFEE 314.20 ▼ 5.45% SUGAR 16.68 ▲ 1.28% ORANGE JUICE 139.60 ▼ 1.59% COTTON 83.79 ▲ 1.29% COCOA 5,665 ▼ 2.68% BEEF 226.88 ▼ 2.74% CATTLE 345.60 ▼ 1.47% LITHIUM 74.08 ▼ 0.88% PETR4 41.35 ▼ 2.08% VALE3 74.56 ▲ 0.89% ITUB4 39.42 ▼ 2.47% BBDC4 16.90 ▼ 1.63% ABEV3 15.04 ▼ 1.51% BBAS3 19.55 ▼ 2.40% B3SA3 14.29 ▼ 2.59% WEGE3 47.12 ▼ 1.07% PRIO3 59.37 ▼ 3.05% SUZB3 40.61 ▼ 1.65% RENT3 35.00 ▼ 3.58% AZZA3 16.45 ▼ 1.79% CSAN3 3.38 ▼ 2.03% RAIZ4 0.25 — 0.00% PCAR3 2.71 ▼ 4.58% GMAT3 3.68 — 0.00% PSSA3 49.00 ▼ 1.41% CVCB3 1.36 ▼ 4.23% POSI3 3.32 ▼ 5.14% SLCE3 13.28 ▼ 0.67% NATU3 8.31 ▲ 2.85% BRKM5 5.73 ▼ 0.35% RANI3 7.96 ▼ 0.75% CSNA3 4.28 ▼ 4.04% CMIN3 5.41 ▼ 0.92% USIM5 6.87 ▼ 4.05% GGBR4 24.29 ▼ 3.80% ENEV3 24.66 ▼ 2.61% CPFE3 43.58 ▼ 1.85% CMIG4 10.58 ▼ 0.94% EQTL3 35.89 ▼ 2.39% LREN3 12.12 — 0.00% VIVT3 30.13 ▼ 1.37% RAIL3 13.02 ▼ 1.51% KLABIN 17.59 ▼ 1.51% RAIA DROGASIL 18.30 ▼ 5.57% RDOR3 33.15 ▼ 2.41% HAPV3 10.09 ▼ 2.04% FLRY3 18.50 ▲ 0.44% SMTO3 15.48 ▲ 3.55% UGPA3 31.01 ▲ 0.03% VBBR3 33.27 ▼ 0.51% BBSE3 37.35 ▼ 2.30% BPAC11 50.46 ▼ 6.31% CURY3 31.49 ▼ 0.63% AERI3 2.28 ▼ 1.30% VIVARA 21.02 ▼ 2.87% COMPASS 22.19 ▼ 1.47% VAMOS 2.86 ▼ 1.72% SANB11 29.42 ▲ 0.58% ASAI3 7.98 ▼ 0.99% SBSP3 26.06 ▼ 1.85% WALMEX 48.34 ▲ 0.33% GMEXICO 222.28 ▼ 1.13% FEMSA 202.06 ▼ 1.76% CEMEX 19.12 ▼ 1.85% GFNORTE 193.42 ▼ 1.89% BIMBO 61.68 ▲ 0.15% TELEVISA 9.70 ▼ 2.71% AMX 20.18 ▼ 1.46% GAP 365.49 ▼ 1.29% ASUR 271.39 ▼ 1.18% OMA 232.25 ▼ 0.10% KOF 185.16 ▼ 0.78% GRUMA 255.01 ▲ 0.02% KIMBER 39.93 ▼ 0.92% SQM-B 65,727 ▼ 1.83% COPEC 6,030 ▼ 1.18% BSANTANDER 79.88 ▼ 2.35% FALABELLA 6,321 ▼ 1.84% ENELAM 87.10 ▼ 0.46% CENCOSUD 1,980 ▼ 3.41% CMPC 1,038 ▲ 0.25% BANCO CHILE 188.93 ▼ 0.44% LATAM AIR 24.47 ▼ 1.29% YPF 7,920 ▼ 1.80% GGAL 7,075 ▼ 3.87% PAMPA 5,175 ▼ 1.24% TXAR 764.50 ▲ 1.33% ALUAR 954.00 ▲ 0.26% TGS 9,150 ▼ 1.93% CEPU 2,137 ▼ 2.33% MIRGOR 1,655 ▼ 2.07% COME 42.95 ▲ 0.14% LOMA NEGRA 3,150 ▼ 3.37% BYMA 286.50 ▼ 0.09% TELECOM ARG 4,355 ▼ 3.65% ECOPETROL 16.91 ▼ 0.82% BANCOLOMBIA 99.23 ▲ 8.48% GRUPO AVAL 5.31 ▲ 0.47% CREDICORP 377.45 ▼ 1.25% SOUTHERN COPPER 191.37 ▼ 4.37% BUENAVENTURA 34.50 ▼ 0.23% MERCADOLIBRE 1,922 ▲ 5.37% NUBANK 13.58 ▼ 2.02% XP 15.62 ▼ 3.61% PAGSEGURO 8.98 ▼ 1.16% STONE 10.14 ▼ 2.27% GLOBANT 39.08 ▲ 1.37% TECNOGLASS 42.82 ▲ 3.36% GAP AIRPORT 213.25 ▼ 1.35% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.50 ▼ 0.03% AMX ADR 23.52 ▼ 1.55% FEMSA ADR 118.01 ▼ 1.59% CEMEX ADR 11.14 ▼ 1.46% PETROBRAS ADR 17.96 ▼ 2.05% VALE ADR 14.41 ▼ 3.26% ITAU ADR 7.61 ▼ 3.44% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.87 ▼ 2.35% CSN 0.85 ▼ 5.45% GERDAU 4.73 ▼ 4.74% LATAM ADR 53.35 ▼ 0.73% BTC 63,430 ▼ 0.75% ETH 1,862 ▼ 0.48% SOL 74.91 ▼ 1.36% XRP 1.01 ▼ 0.12% BNB 609.12 ▲ 1.74% ADA 0.19 ▼ 2.98% DOGE 0.07 ▲ 1.06% AVAX 6.22 ▼ 3.28% LINK 8.55 ▲ 3.15% DOT 0.78 ▼ 2.74% LTC 45.03 ▼ 0.18% BCH 211.80 ▼ 0.62% TRX 0.33 ▲ 1.19% XLM 0.16 ▼ 0.70% HBAR 0.07 ▼ 2.34% NEAR 1.55 ▼ 3.38% ATOM 1.42 ▲ 1.77% AAVE 86.84 ▼ 2.57% SELIC 14.00% EMBRAER 93.08 ▼ 1.67% EMBRAER ADR 71.88 ▼ 2.61% JBS 13.12 ▼ 2.20% JBS BDR 67.46 ▼ 2.10% MBRF3 15.47 ▼ 2.95% MBRFY 2.95 ▼ 4.84% INTER 5.13 ▼ 4.21% EGX 54,829 ▼ 0.09% USD/ZAR16.21▲ 0.05% 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/JPY159.26▼ 0.03% USD/CNY6.75▼ 0.01% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD1.15▲ 0.03% GBP/USD1.35▲ 0.11% SPX 7,735 ▼ 0.23% DJI 53,897 ▼ 0.15% NDX 29,524 ▼ 0.33% RUT 3,030 ▲ 0.43% TSX 36,503 ▲ 0.12% VIX 15.41 ▼ 0.32% USD/CAD1.39▼ 0.15% US10Y 4.6840 ▼ 0.32% IBOV 167,950.36 ▼ 2.46% IPSA 11,082.75 ▼ 1.65% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,012,063 ▼ 3.52% COLCAP 2,427.20 ▲ 2.31% BVL PERÚ 59,693.55 ▼ 1.73% USD/BRL 5.16 ▲ 1.01% USD/MXN 17.10 ▼ 0.22% USD/CLP 913.58 ▼ 0.40% USD/COP 3,116 ▼ 1.26% USD/PEN 3.38 ▼ 0.09% USD/ARS 1,493 ▼ 0.39% 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 5.95 ▲ 1.45% BRENT 88.61 ▲ 1.01% WTI 83.09 ▲ 1.17% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.60% GOLD 4,444 ▲ 1.89% SILVER 65.10 ▼ 0.01% SOY 1,168 ▲ 0.86% CORN 460.75 ▲ 5.13% WHEAT 629.25 ▼ 1.76% COFFEE 314.20 ▼ 5.45% SUGAR 16.68 ▲ 1.28% ORANGE JUICE 139.60 ▼ 1.59% COTTON 83.79 ▲ 1.29% COCOA 5,665 ▼ 2.68% BEEF 226.88 ▼ 2.74% CATTLE 345.60 ▼ 1.47% LITHIUM 74.08 ▼ 0.88% PETR4 41.35 ▼ 2.08% VALE3 74.56 ▲ 0.89% ITUB4 39.42 ▼ 2.47% BBDC4 16.90 ▼ 1.63% ABEV3 15.04 ▼ 1.51% BBAS3 19.55 ▼ 2.40% B3SA3 14.29 ▼ 2.59% WEGE3 47.12 ▼ 1.07% PRIO3 59.37 ▼ 3.05% SUZB3 40.61 ▼ 1.65% RENT3 35.00 ▼ 3.58% AZZA3 16.45 ▼ 1.79% CSAN3 3.38 ▼ 2.03% RAIZ4 0.25 — 0.00% PCAR3 2.71 ▼ 4.58% GMAT3 3.68 — 0.00% PSSA3 49.00 ▼ 1.41% CVCB3 1.36 ▼ 4.23% POSI3 3.32 ▼ 5.14% SLCE3 13.28 ▼ 0.67% NATU3 8.31 ▲ 2.85% BRKM5 5.73 ▼ 0.35% RANI3 7.96 ▼ 0.75% CSNA3 4.28 ▼ 4.04% CMIN3 5.41 ▼ 0.92% USIM5 6.87 ▼ 4.05% GGBR4 24.29 ▼ 3.80% ENEV3 24.66 ▼ 2.61% CPFE3 43.58 ▼ 1.85% CMIG4 10.58 ▼ 0.94% EQTL3 35.89 ▼ 2.39% LREN3 12.12 — 0.00% VIVT3 30.13 ▼ 1.37% RAIL3 13.02 ▼ 1.51% KLABIN 17.59 ▼ 1.51% RAIA DROGASIL 18.30 ▼ 5.57% RDOR3 33.15 ▼ 2.41% HAPV3 10.09 ▼ 2.04% FLRY3 18.50 ▲ 0.44% SMTO3 15.48 ▲ 3.55% UGPA3 31.01 ▲ 0.03% VBBR3 33.27 ▼ 0.51% BBSE3 37.35 ▼ 2.30% BPAC11 50.46 ▼ 6.31% CURY3 31.49 ▼ 0.63% AERI3 2.28 ▼ 1.30% VIVARA 21.02 ▼ 2.87% COMPASS 22.19 ▼ 1.47% VAMOS 2.86 ▼ 1.72% SANB11 29.42 ▲ 0.58% ASAI3 7.98 ▼ 0.99% SBSP3 26.06 ▼ 1.85% WALMEX 48.34 ▲ 0.33% GMEXICO 222.28 ▼ 1.13% FEMSA 202.06 ▼ 1.76% CEMEX 19.12 ▼ 1.85% GFNORTE 193.42 ▼ 1.89% BIMBO 61.68 ▲ 0.15% TELEVISA 9.70 ▼ 2.71% AMX 20.18 ▼ 1.46% GAP 365.49 ▼ 1.29% ASUR 271.39 ▼ 1.18% OMA 232.25 ▼ 0.10% KOF 185.16 ▼ 0.78% GRUMA 255.01 ▲ 0.02% KIMBER 39.93 ▼ 0.92% SQM-B 65,727 ▼ 1.83% COPEC 6,030 ▼ 1.18% BSANTANDER 79.88 ▼ 2.35% FALABELLA 6,321 ▼ 1.84% ENELAM 87.10 ▼ 0.46% CENCOSUD 1,980 ▼ 3.41% CMPC 1,038 ▲ 0.25% BANCO CHILE 188.93 ▼ 0.44% LATAM AIR 24.47 ▼ 1.29% YPF 7,920 ▼ 1.80% GGAL 7,075 ▼ 3.87% PAMPA 5,175 ▼ 1.24% TXAR 764.50 ▲ 1.33% ALUAR 954.00 ▲ 0.26% TGS 9,150 ▼ 1.93% CEPU 2,137 ▼ 2.33% MIRGOR 1,655 ▼ 2.07% COME 42.95 ▲ 0.14% LOMA NEGRA 3,150 ▼ 3.37% BYMA 286.50 ▼ 0.09% TELECOM ARG 4,355 ▼ 3.65% ECOPETROL 16.91 ▼ 0.82% BANCOLOMBIA 99.23 ▲ 8.48% GRUPO AVAL 5.31 ▲ 0.47% CREDICORP 377.45 ▼ 1.25% SOUTHERN COPPER 191.37 ▼ 4.37% BUENAVENTURA 34.50 ▼ 0.23% MERCADOLIBRE 1,922 ▲ 5.37% NUBANK 13.58 ▼ 2.02% XP 15.62 ▼ 3.61% PAGSEGURO 8.98 ▼ 1.16% STONE 10.14 ▼ 2.27% GLOBANT 39.08 ▲ 1.37% TECNOGLASS 42.82 ▲ 3.36% GAP AIRPORT 213.25 ▼ 1.35% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.50 ▼ 0.03% AMX ADR 23.52 ▼ 1.55% FEMSA ADR 118.01 ▼ 1.59% CEMEX ADR 11.14 ▼ 1.46% PETROBRAS ADR 17.96 ▼ 2.05% VALE ADR 14.41 ▼ 3.26% ITAU ADR 7.61 ▼ 3.44% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.87 ▼ 2.35% CSN 0.85 ▼ 5.45% GERDAU 4.73 ▼ 4.74% LATAM ADR 53.35 ▼ 0.73% BTC 63,430 ▼ 0.75% ETH 1,862 ▼ 0.48% SOL 74.91 ▼ 1.36% XRP 1.01 ▼ 0.12% BNB 609.12 ▲ 1.74% ADA 0.19 ▼ 2.98% DOGE 0.07 ▲ 1.06% AVAX 6.22 ▼ 3.28% LINK 8.55 ▲ 3.15% DOT 0.78 ▼ 2.74% LTC 45.03 ▼ 0.18% BCH 211.80 ▼ 0.62% TRX 0.33 ▲ 1.19% XLM 0.16 ▼ 0.70% HBAR 0.07 ▼ 2.34% NEAR 1.55 ▼ 3.38% ATOM 1.42 ▲ 1.77% AAVE 86.84 ▼ 2.57% SELIC 14.00% EMBRAER 93.08 ▼ 1.67% EMBRAER ADR 71.88 ▼ 2.61% JBS 13.12 ▼ 2.20% JBS BDR 67.46 ▼ 2.10% MBRF3 15.47 ▼ 2.95% MBRFY 2.95 ▼ 4.84% INTER 5.13 ▼ 4.21% EGX 54,829 ▼ 0.09% USD/ZAR 16.20 ▲ 0.09% 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 159.26 ▲ 0.02% USD/CNY 6.7328 ▼ 0.07% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD 1.1543 ▼ 0.03% GBP/USD 1.3506 ▼ 0.01% SPX 7,735 ▼ 0.23% DJI 53,897 ▼ 0.15% NDX 29,524 ▼ 0.33% RUT 3,030 ▲ 0.43% TSX 36,503 ▲ 0.12% VIX 15.41 ▼ 0.32% USD/CAD 1.3918 ▼ 0.11% US10Y 4.6840 ▼ 0.32%
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Opinion: Paraguay at COP28 – A David Against Climate Goliaths

By · December 14, 2023 · 2 min read

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(Opinion) When Paraguay stood up at COP28 regarding the Global Balance document, it wasn’t just a statement, it was a roar from the underdog.

Paraguay’s Foreign Ministry, usually less prominent globally, made a bold stance against international climate policy frameworks.

Their disagreement with the Global Balance is not just about numbers and policies. It’s a striking reminder that the battle against climate change isn’t a one-size-fits-all scenario.

Paraguay’s pushback on the call for methane emissions reduction is a clarion call for policies that recognize each nation’s unique economic and environmental dynamics.

They’re not just playing defense; they’re rewriting the rulebook.

Take their stance on deforestation, for instance. Paraguay isn’t just arguing against a paragraph in a document.

It’s fighting for a distinction between illegal deforestation and responsible land use. This isn’t just semantics.

It’s a fight for the right to develop sustainably to protect their forests without handcuffing their economy.

Paraguay’s argument is a blend of pragmatism and idealism. They’re not denying climate change; they’re demanding justice.

Paraguay at COP28 - A David Against Climate Goliaths. (Photo Internet reproduction)
Paraguay at COP28 – A David Against Climate Goliaths. (Photo Internet reproduction)
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It’s a stand for the small players in the climate game, those who contribute minimally to global emissions yet face the brunt of broad-stroke policies.

Paraguay’s low CO2 emissions and significant forest cover aren’t just statistics; they’re evidence in their case for equitable climate action.

And let’s not forget, Paraguay’s stance is rooted in the right to development – a principle that’s as much about human rights as it is about environmental policy.

This is not just a national interest; it’s a global imperative.

Their assertion that the Global Balance document is non-binding is not a retreat; it’s a reminder that real change needs real consensus, not just compliance.

In a world where climate policy often feels dictated by the few, Paraguay at COP28 is a potent reminder that every nation, big or small, has a stake and a voice.

They’re not just asking for a seat at the table; they’re demanding a say in the rules of the game.

Paraguay’s message at COP28 cuts through the noise: climate action must be fair, just, and inclusive.

This is more than a policy debate; it’s a stand for the dignity and rights of smaller nations.

It’s a narrative that should resonate, emphasizing that every nation, regardless of size, contributes to shaping our shared future against climate change.

Key Facts

Deep Dive

For the complete picture, read our in-depth guide: Paraguay: Washington's Most Valued Ally in Latin America

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error

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