Two dozen countries that account for 80% of global energy consumption reached agreements on a series of 10 clean energy initiatives that will eliminate the need to build 500 new mid-sized power plants in the next 20 years.

The agreements came at the conclusion of the first Clean Energy Ministerial meeting this week in Washington, D.C.

“These steps will promote economic growth, create jobs and cut greenhouse gas emissions,” U.S. Energy Secretary Steven Chu, who hosted the