The fifth round of the U.S.-China Strategic and Economic Dialogue was held July 10 and 11 in Washington, DC. The two countries agreed to five joint initiatives to reduce carbon emissions: advancing carbon capture and sequestration technology, improving greenhouse gas data collection, increasing building and transportation energy efficiency, promoting smart grids, and reducing heavy-duty vehicle emissions. Participants indicated that they are gearing up to create a global climate change treaty by 2015. Secretary of State John Kerry, Secretary of the Treasury Jacob Lew, Chinese Vice Premier Wang Yang, and Chinese State Counselor Yang Jiechi co-chaired the meeting.