G-8 leaders meeting at Camp David, Maryland, US, developed a “Camp David Declaration”, recognizing the need for universal access to environmentally sound, sustainable, secure and affordable sources of energy to ensure global economic growth and address climate change.
They indicate their commitment to establishing and sharing best practices on energy production, including exploration in frontier areas and the use of technologies such as deep water drilling and hydraulic fracturing, for the safe development of energy sources.
Leaders further recognize that increasing energy efficiency and reliance on renewables and other clean energy technologies can contribute significantly to energy security and savings, while also addressing climate change and promoting sustainable economic growth and innovation.
Recently the US made a step towards a more sustainable future with a strategic plan by the Obama Administration, consisting in new measure to strengthen bioscience research as a major driver of American innovation and economic growth.
They agreed to continue to work together in the UNFCCC and other fora, and to join the Climate and Clean Air Coalition to Reduce Short-lived Climate Pollutants, and they indicate their strong support for efforts “to rationalize and phase-out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption, and to continue voluntary reporting on progress.”
Leaders also support the G-20 Global Marine Protection initiative effort to create a Best Practices Mechanism to develop best practices for oil and gas exploration and prevent accidents.
During the Summit, the G-8 and African leaders launched a New Alliance for Food Security and Nutrition, aiming to achieve sustained inclusive agriculture to raise 50 million people out of poverty over ten years.