World Bank Carbon Fund Project in Nicaragua Buying Carbon-Equivalent Emission Reductions [viewed]
6 June 2008: The World Bank's Carbon Fund is facilitating a
US$8.37 million project in southern Nicaragua that plans to turn 600 hectares
of privately-owned former cattle ranches into new-growth teak forests. The Nicaragua Precious Woods Project began in August 2006,
and intends to absorb nearly 300,000 tons of carbon emissions by the year 2017
while conserving approximately 350 hectares of secondary forest and mature
trees.
22 May 2008: The UNFCCC Secretariat has signed Memoranda of Understanding (MOU) with the Institute for Global Environment Strategies (IGES), based in Japan, and UNEP Risoe, in Denmark, to ensure that the organizations receive a faster, smoother flow of information related to the Clean Development Mechanism (CDM). 
14 May 2008: In his opening statement to the thirty-fourth session of UNIDO's Industrial Development Board, UNIDO Director-General Kandeh K. Yumkella said the accelerating process of global climate change is “ possibly the most pervasive and irreversible global crisis.” He said the global energy crisis was also significant because of its widespread implications, especially on industry, and pointed out other global challenges, including food and global instability, as the major challenges that UNIDO has been asked to assist the international community to resolve. 
18 May 2008: The Fifth European Union (EU) / Latin America and Caribbean (LAC) Summit took place in Lima, Peru, from 16-17 May 2008. The Summit developed the “Lima Declaration on Addressing our Peoples' Priorities Together,” which addresses, among others, poverty, inequality, inclusion, climate change, environment and energy. 
May 2008: In the lead up to World Environment Day, which will be observed on 5 June 2008, UN Secretary-General Ban Ki-moon likened fossil fuel dependence to a dangerous addiction, saying “addiction is a terrible thing. It consumes and controls us, makes us deny important truths and blinds us to the consequences of our actions. Our world is in the grip of a dangerous carbon habit.” This year, World Environment Day will be hosted in Wellington, New Zealand, under the theme “Kick the Habit! Towards a Low Carbon Economy.” 
21 May 2008: During their eighth annual gathering at UN Educational, Scientific and Cultural Organization (UNESCO) headquarters in Paris, France, UNESCO's 19 Goodwill Ambassadors acknowledged that the Planet has never been subjected to such rapid and profound changes in the environment, and committed themselves to work to raise awareness about global warming and the need to modify human behavior towards greater caution and solidarity. 
16 May 2008: The sixteenth session of the UN Commission on Sustainable Development (CSD), which met from 5-16 May 2008, in New York, US, has reviewed the thematic cluster of agriculture, rural development, drought, desertification, land and Africa. Many delegations and speakers tied these agenda items to the current global food crisis and climate change, and highlighted in particular land degradation, high energy costs, climate change, poor harvests, speculation in agricultural commodities, inequitable terms of trade, decline of investments in rural and agricultural development, and increased production of biofuels from food crops as drivers of high food prices. 
