European policy consultants
Rural development and renewable energy

G8 discussions, May '12

The G8 made important declarations on growth and austerity, the low carbon economy and food security at its weekend meeting at Camp David.

There was agreement between the G8 leaders that growth-boosting measures and efforts to
put public finances on a sounder footing go hand-in-hand. Opposing the two is a false

On Greece, they said it is important that, together with our G-8 partners we reaffirmed our strong
wish to see Greece staying in the eurozone, while respecting the commitments that were

Or, in the words of the official Camp David declaration after the G8 meeting:

"We welcome the ongoing discussion in Europe on how to generate growth, while maintaining a firm commitment to implement fiscal consolidation to be assessed on a structural basis. We agree on the importance of a strong and cohesive Eurozone for global stability and recovery, and we affirm our interest in Greece remaining in the Eurozone while respecting its commitments."

As our economies grow, we recognize the importance of meeting our energy needs from a wide variety of sources ranging from traditional fuels to renewables to other clean technologies. ...
We also recognize the importance of pursuing and promoting sustainable energy and low carbon policies in order to tackle the global challenge of climate change.

We 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. We welcome sustained, cost-effective policies to support reliable renewable energy sources...

We agree to continue our efforts to address climate change and recognize the need for increased mitigation ambition in the period to 2020, with a view to doing our part to limit the increase in global temperature below 2ºC above pre-industrial levels, consistent with science. We strongly support the outcome of the 17th Conference of the Parties to the U.N. Framework Convention on Climate Change (UNFCCC) in Durban to implement the Cancun agreements and the launch of the Durban Platform, which we welcome as a significant breakthrough toward the adoption by 2015 of a protocol...
We agree to continue to work together in the UNFCCC and other fora... toward a positive outcome at Doha.

We strongly support efforts to rationalize and phase-out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption.

Food Security and Nutrition

We agree to take new steps to accelerate progress towards food security and nutrition in Africa and globally, on a complementary basis.

Since the L’Aquila Summit (G8 meeting in Italy), we have seen an increased level of commitment to global food security ... and new investments and greater collaboration in agricultural research.
Today we commit to launch a New Alliance for Food Security and Nutrition to accelerate the flow of private capital to African agriculture, (supporting) new technologies and other innovations that can increase sustainable agricultural productivity
The G-8 reaffirmed its commitment to the world’s poorest and most vulnerable people, and recognized the vital role of official development assistance in poverty alleviation and achieving the Millennium Development Goals.

A comprehensive report is to be presented to the G8 under the UK Presidency in 2013.

Camp David declaration of G8, 19th May '12: