Latin America counts few COP26 wins; plus, Brazil hides bad forest results

By Trey Thoelcke Published Nov 23, 12:12PM EST

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Latin America counts few COP26 wins; plus, Brazil hides bad forest results — © FG Trade / Getty Images

By David Callaway, Callaway Climate Insights

(About the author: Michael Molinski is an economist, content strategist and author. He has worked for Fidelity, Charles Schwab and Wells Fargo, and previously as a foreign correspondent and editor for Bloomberg News and MarketWatch. He is the author of Investing in Latin America: Best Stocks, Best Funds (Bloomberg Press, 1999), and Small Business in Paradise (Nolo, 2007). Currently, he is a senior economist at Trendline Economics.)

PLAYA DEL REY (Callaway Climate Insights) — The failure to reach an agreement on carbon reduction at the COP26 summit was clearly a disappointment. But more importantly to Latin America was the lack of commitments by the developed world to increase funding for environmental projects or to establish green funds which Latin America and other poorer regions need desperately to fight the ravages of climate change.

The presidents of Colombia, Ecuador, Bolivia, Argentina, Costa Rica and Honduras all attended COP26. Those who publicly said they would not attend are the two presidents from the most powerful and populous countries, Brazil and Mexico.

Some successes on climate change from Latin America

There were some new commitments from Latin America, most notably from Colombia, which said it will increase its pledge to the UN . . . .

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.