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C O V E R4) A lifesaver for the carbonmarkets• The existing carbon markets willlive regardless of the fate of the KyotoProtocol.• Also, new carbon market mechanismswill be created to meet the emissionsreduction pledges of this decade.• It is a desperate attempt to avoidthe loss of the carbon markets, whichare collapsing due to the fall of thecarbon credits, from 30 euros per tonto 3 euros per ton of CO 2.• Developed countries will reduceless than what they promise becausethey will buy emission reduction certificatesfrom developing countries.5) REDD: a perverse incentiveto deforest in this decade• If you don’t cut down trees youwon’t be able to issue certificates ofreduction of deforestation when theREDD (reducing emissions from deforestationand forest degradation)mechanism comes into operation.• Consequence: deforest now ifyou want to be ready for REDD.• The safeguards for indigenouspeoples will be flexible and discretionaryfor each country.• The offer of funding for forestsis postponed until the next decade dueto the fact that demand for carboncredits will not increase until then becauseof the low emission reductionpromises.Amandla! Jallalla!In the actions and events of thesocial movements in Durban, two battlecries emerged: ‘Amandla’ and‘Jallalla’. The first one is a Xhosa andZulu word from South Africa whichmeans ‘power’. The second word isan expression in Aymara which means‘for life’. ‘Amandla! Jallalla!’ means‘Power for life!’This is the ‘power for life’ that wemust build, transcending borders,from our communities, neighbourhoods,workplaces and places of study,in order to stop this ongoing genocideand ecocide.ÿuInternational analyst and social activist Pablo Solonis former United Nations Ambassador and chiefclimate change negotiator of the Plurinational Stateof Bolivia.Panama Climate News Updates(October 2011)ISBN: 978-967-5412-61-5 64 ppThis is a collection of 18 NewsUpdates prepared by the <strong>Third</strong><strong>World</strong> <strong>Network</strong> for and during therecent United Nations ClimateChange Talks – the third part of the14 th session of the Ad Hoc WorkingGroup on Long-term CooperativeAction under the UN FrameworkConvention on Climate Change(UNFCCC AWG-LCA 14), and thethird part of the 16 th session of theAd Hoc Working Group on FurtherCommitments for Annex I Partiesunder the Kyoto Protocol (AWG-KP 16) – in Panama City, Panamafrom 1 to 7 October 2011.Price PostageMalaysia RM10.00 RM2.00<strong>Third</strong> <strong>World</strong> countries US$6.00 US$2.00 (air); US$1.00 (sea)Other foreign countries US$8.00 US$2.00 (air); US$1.00 (sea)Orders from Malaysia – please pay by credit card/crossed cheque or postalorder.Orders from Australia, Brunei, Indonesia, Philippines, Singapore,Thailand, UK, USA – please pay by credit card/cheque/bank draft/internationalmoney order in own currency, US$ or Euro.If paying in own currency or Euro,please calculate equivalent of US$ rate. If paying in US$, please ensure thatthe agent bank is located in the USA.Rest of the world – please pay by credit card/cheque/bank draft/internationalmoney order in US$ or Euro. If paying in Euro, please calculate equivalent ofUS$ rate. If paying in US$, please ensure that the agent bank is located in theUSA.All payments should be made in favour of: THIRD WORLD NETWORKBHD., 131 Jalan Macalister, 10400 Penang, Malaysia. Tel: 60-4-2266728/2266159; Fax: 60-4-2264505; Email: twnet@po.jaring.my; Website:www.twnside.org.sgI would like to order ............. copy/copies of Panama News Updates (October2011).I enclose the amount of .......................... by cheque/bank draft/IMO.Please charge the amount of US$/Euro/RM ..................... to my credit card:American Express Visa MastercardA/c No.: Expiry date:Signature:Name:Address:THIRD WORLD RESURGENCE No 255/25650

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