But if this year’s initiative is to avoid the fate of last year’s stalled effort, the sponsoring governments must take the important step of setting globally recognized standards — like a Good Housekeeping Seal of Approval for multi-million-dollar investments — to get this important initiative off the ground. Indeed, to achieve the lofty goals of using infrastructure investment to counter China’s soft power, promoting clean energy, and building the foundations for global economic recovery, the G-7 must use all tools at its disposal to promote globally recognized standards.