IBOV 209,066.90 ▲ 1.38% IPSA 11,044.42 ▲ 0.18% IPC MEX 66,048.57 ▲ 1.63% MERVAL 2,828,027 ▼ 0.16% COLCAP 2,531.15 ▲ 0.21% BVL PERÚ 59,610.00 ▲ 2.26% USD/BRL4.99▼ 0.71% USD/MXN18.36▲ 0.89% USD/CLP975.06▼ 0.40% USD/COP3,187▼ 1.85% USD/PEN3.43▼ 0.41% USD/ARS1,517— 0.00% USD/UYU40.21▲ 3.49% USD/PYG5,676▲ 0.52% USD/BOB11.77▲ 1.12% USD/DOP60.87▲ 1.11% USD/CRC450.81▲ 1.91% USD/GTQ7.64▲ 3.27% USD/HNL26.86▲ 3.27% USD/NIO36.62▲ 0.31% USD/VES873.46▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.74% EUR/BRL5.59▼ 0.61% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 209,066.90 ▲ 1.38% IPSA 11,044.42 ▲ 0.18% IPC MEX 66,048.57 ▲ 1.63% MERVAL 2,828,027 ▼ 0.16% COLCAP 2,531.15 ▲ 0.21% BVL PERÚ 59,610.00 ▲ 2.26% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Opinion: Paraguay at COP28 – A David Against Climate Goliaths

By · December 14, 2023 · 2 min read

(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.

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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.
Paraguay at COP28 – A David Against Climate Goliaths.
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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 · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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