Second is on promoting green growth. "We have advanced a trade initiative for environmental goods and services which will help spur industries investing in green growth," Secretary Clinton said, "We've worked to reduce inefficient fossil fuel subsidies, which will help protect the environment by reducing the wasteful consumption of fossil fuels. And we are renewing our commitment to reduce our energy intensity by at least 45% by 2035." Third is to advance further in regulatory cooperation and convergence. "We have seen how improvements in this area can unleash billions of dollars in commercial activities," Secretary Clinton said, "For example, when a majority of APEC countries adopted a uniform safety standard for televisions in 2005, exports for the region increased by 45% over the subsequent three years." "I am well aware that we all have differences in our individual approaches to economic policymaking, but I also know that we share the belief that markets, trade, and investment are vital to our prosperity," Secretary Clinton concluded, "I look forward to hearing from everyone about ways we can continue to build an enduring regional economic architecture that is open, free, transparent, and fair."