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The Energy Ministers of the G8 Countries, the European Energy
Commissioner, the Energy Ministers of the G5 Countries (Brazil, The
People’s Republic of China, India, Mexico, South Africa) and the Energy
Ministers of Egypt, Republic of Korea, and The Kingdom of Saudi Arabia,
met in Rome on May 24, 2009.
The parties believe that a comprehensive strategy to respond to the climate
change challenge must necessarily envisage a portfolio of different
energy sources. In the context of diversification of the energy mix, re-
newable energies will play an important role, as they contribute to the
reduction of greenhouse gas emissions and enhance sustainable devel-
opment, with due account for different country capabilities.
3. Therefore, We recommend:
a) improving the policy and regulatory frameworks to boost invest-
ments in renewable energies, such as solar, hydro, wind and geo-
thermal energy and biomass, while promoting their deployment
and diffusion throughout all countries;
b) continuing support to regional and international co-operation and
private-public partnership on research, development and deploy-
ment of renewable energies;
c) addressing the financial dimension including the possibility of de-
signing dedicated international financing mechanisms.