IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▼ 0.04% USD/MXN17.52▲ 0.29% USD/CLP923.90▼ 0.41% USD/COP3,242▼ 0.13% USD/PEN3.41▲ 0.42% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.61▲ 0.22% USD/CRC448.82▲ 1.41% USD/GTQ7.63▲ 2.31% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 1.44% EUR/BRL5.82▼ 0.79% BRENT 79.14 ▲ 4.12% WTI 74.33 ▲ 4.09% IRON ORE 161.91 — — COPPER 6.21 ▼ 0.43% GOLD 4,065 ▼ 0.94% SILVER 58.50 ▼ 2.19% SOY 1,196 ▼ 0.02% CORN 467.25 ▲ 6.68% WHEAT 644.25 ▲ 1.94% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,768 ▼ 1.55% ETH 1,778 ▼ 1.52% SOL 75.89 ▼ 1.28% XRP 1.07 ▼ 1.25% BNB 567.90 ▼ 1.05% ADA 0.16 ▼ 1.77% DOGE 0.07 ▼ 0.88% AVAX 6.50 ▲ 1.53% LINK 7.92 ▼ 0.90% DOT 0.83 ▼ 1.92% LTC 43.55 ▼ 0.96% BCH 236.26 ▼ 1.54% TRX 0.33 ▼ 0.32% XLM 0.18 ▼ 1.79% HBAR 0.07 ▼ 0.60% NEAR 1.87 ▼ 1.20% ATOM 1.54 ▼ 1.67% AAVE 94.31 ▼ 2.84% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,256 ▲ 0.44% USD/ZAR16.40▲ 0.44% USD/NGN 1,376 — 0.00% NIKKEI 67,226 ▼ 1.94% CSI300 4,717 ▼ 1.34% HSI 24,138 ▼ 0.15% NIFTY 24,029 ▼ 0.74% KOSPI 6,971 ▼ 6.76% JCI 5,933 ▲ 0.14% USD/JPY162.06▲ 0.21% 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SILVER 58.50 ▼ 2.19% SOY 1,196 ▼ 0.02% CORN 467.25 ▲ 6.68% WHEAT 644.25 ▲ 1.94% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,768 ▼ 1.55% ETH 1,778 ▼ 1.52% SOL 75.89 ▼ 1.28% XRP 1.07 ▼ 1.25% BNB 567.90 ▼ 1.05% ADA 0.16 ▼ 1.77% DOGE 0.07 ▼ 0.88% AVAX 6.50 ▲ 1.53% LINK 7.92 ▼ 0.90% DOT 0.83 ▼ 1.92% LTC 43.55 ▼ 0.96% BCH 236.26 ▼ 1.54% TRX 0.33 ▼ 0.32% XLM 0.18 ▼ 1.79% HBAR 0.07 ▼ 0.60% NEAR 1.87 ▼ 1.20% ATOM 1.54 ▼ 1.67% AAVE 94.31 ▼ 2.84% 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UN Vetoes Brazil’s Speech at New York Climate Summit

By · September 19, 2019 · 3 min read

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RIO DE JANEIRO, BRAZIL – Brazil is not on the list of countries that will speak at the UN climate summit next Monday in New York. “Brazil has not put forward any plans to increase its commitment to climate change,” Luis Alfonso de Alba, the UN Secretary-General’s special envoy, told the Folha blog.

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According to him, the UN asked countries to submit a plan to increase the climate commitment’s goals and, based on the documents they have received, they selected countries that would give inspiring speeches.

The United States, Saudi Arabia, Japan, Australia, and South Korea should also be vetoed. The final speech list comprises 63 countries, including France and the United Kingdom.

Brazil intended to speak during the summit, according to a diplomat who is part of the Brazilian delegation in the climate negotiations and regarded the UN criteria as “subjective”.

He told the blog that the UN organization was confused and introduced several ways to participate. In addition to introducing national plans, the country could, for instance, join some of the initiatives that will be launched during the summit.

Brazil, however, preferred not to commit itself to more ambitious actions. The country proposed to the UN to hold an event to encourage biofuels as a short-term solution to reduce greenhouse gas emissions. The proposal was rejected for the summit but will be included in the preparation events, with a discussion on the subject scheduled for Sunday, September 22nd, the day preceding the summit.

“If they let me, I’ll talk,” Environment Minister Ricardo Salles told the blog. He will land in New York on Saturday, September 21st, and will be present at the UN climate summit.

According to sources linked to the government, Salles would represent Brazil if the country would be allowed to speak.

“There is no more time for speech, we need to focus on action,” Alba said to an audience of more than 200 civil society organizations gathered this Wednesday in New York to discuss climate action.

According to sources linked to the government, Environment Minister Ricardo Salles would represent Brazil if the country would be allowed to speak.
According to sources linked to the government, Environment Minister Ricardo Salles would represent Brazil if the country were allowed to speak. (Photo: internet reproduction)
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“The UN decision is welcome. Global players must show commitment to climate to deserve a place at the table,” said Jennifer Morgan, Greenpeace’s international executive director.

“It was very clear that only countries submitting additional plans or actions will be given the opportunity to speak and I think this reference is correct for a summit on climate action,” she added.

Strategically scheduled for the eve of the UN General Assembly, which begins on Tuesday, September 25th, the climate summit was called by UN Secretary-General António Guterres, with the aim of encouraging countries’ efforts, in a direct conversation with the heads of state.

The UN Secretary General’s initiative is viewed with caution by Itamaraty diplomats. They believe it runs counter to the negotiation process established by the Paris Agreement, which provides for a review of targets between 2020 and 2023.

The contributions announced by the countries when signing the agreement in 2015 are not sufficient to contain the increase in the planet’s average temperature below 2ºC.

In addition to the UN Secretary-General, events of international proportions, such as the increase in extreme climate events and fires in the Amazon, also put pressure for an advance in the discussion, which should start at the COP-25 on Climate, a convention that will negotiate the final details of the Paris Agreement regulation.

The COP-25 will take place in December in Chile. Brazil would have hosted the convention, but withdrew after a request from Bolsonaro, in November of last year. At the time, the refusal was viewed with concern by the UN, for suggesting a reduction in the country’s commitment to climate action.

OTHER SIDE

In a note, Itamaraty stated that the UN veto on Brazil’s speech is “absolutely unfounded and untrue” because the UN Charter does not provide veto mechanisms to countries’ speeches at multilateral conferences.

According to the note, one of the UN Summit’s criteria for not including Brazil is that the speakers should be heads of state or government.

The note further states that Brazil only submitted the plan requested by the UN on Tuesday, September 17th. In this plan, the country does not introduce new goals, but rather “describes policies and actions that it implements to achieve the already extremely ambitious goals”.

Source: Folha Blog

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