G7 Will Call for Renewable Energy Development

From Kyodo News via Green Car Congress, news that:

…the Group of Seven (G7) economies will call for the development of alternative energy sources in the face of record high crude oil prices when they meet next week in Washington.

The report said this would be the first time that the seven industrialized nationsβ€”Britain, Canada, France, Germany, Italy, Japan and the United Statesβ€”have collectively referred to use of alternative energy sources in their statement.

The G7 is considering calling for use of alternative sources such as natural gas and renewable energy, while repeating calls for oil-consuming nations, such as the United States and China, to promote energy efficiency and for producing countries to ensure stable supply.

I’d certainly like to think this is big news… Can anyone give me a sense of how well G7 proposals fare in the real world?

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