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" "o meet the global challenges facing ustoday, we need to create a stronger,more effective international framework.The critical importance of concertedmultilateral action was at the heart of the COP15climate summit last December in Copenhagen.A lot was at stake - and still is. That is why weworked so hard in Copenhagen to achieve a globalagreement. And this is why the outcome of COP15 -the Copenhagen Accord - is so important.125 heads of state and government convened inCopenhagen to start building a new global frameworkto combat climate change. The Copenhagen Accordis a major achievement in this regard. Many leadersplayed a decisive role in brokering the agreementand I would like to take this opportunity to thank allof them for continued support to the CopenhagenAccord. This agreement provides the fundamentals of aglobal framework and reconfirms the principlesestablished by the United Nations FrameworkConvention. It sets out the target to limit globalwarming to below 2°C and creates a critical linkbetween this goal, the international cooperation toachieve it, and the contributions of individualcountries. The Accord also includes important elements relatedto technology development and transfer as well asfinancing, which will assist developing countries inimplementing mitigation actions. The decision to establish a Technology Mechanism will helpcountries in moving towards low-carbon societies.More than 120 countries have by now associatedthemselves with the Copenhagen Accord. Thisincludes all the major economies. The countriesrepresent 90 per cent of the world's GDP and 83 percent of global emissions. We shall build on this tofurther strengthen international cooperation aimingto address global warming and create further low-carbon growth. Much of the transition will take place in the nationaleconomies and within the economic planning ofindividual countries. National governments have a key role in creating incentives and establishing the right regulatory framework for markets andcompanies to undertake green investments.Denmark may be a small country but when it comesto energy efficiency and cleantech, we offer valuableexperience and technologies. As many countriesembark upon realising their ambitious targets toensure sustainable growth, we may benefit mutuallyfrom an even closer cooperation in clean technology.It is my clear impression that these countries are notgoing to repeat what some industrialised countriesdid: grow now, clean up later.The first movers of today are the winners oftomorrow. And so are the fast movers. On cleantechnology, Denmark is a first mover and manycountries are now fast movers. If we join forces and engage in close cooperation all our nations will benefit. Globally, we will see a massive increase in greeninvestments in the years to come. There has alreadybeen a huge increase, but more is needed. It isestimated that we will have to make additionalinvestments of more than US$10 trillion in 2030 to meet international climate change targets. ThisAbove: Danish primeminister Lars LøkkeRasmussen is eager tocombat climate changeTHE GLOBAL CHALLENGE OF CLIMATE CHANGEMORE THAN 120 COUNTRIESHAVE BY NOW ASSOCIATEDTHEMSELVES WITH THE COPENHAGEN ACCORD028POST-COPENHAGEN REVIEWTLARS LØKKE RASMUSSEN, PRIME MINISTER OF DENMARK

POST-COPENHAGEN REVIEW029means that each country needs tomake additional investments in theorder of around 1 per cent of its GDPby 2030.The approach of my government isthat green growth is not only goodfor the planet, it is also goodeconomics. Export of Danish energy-technology hastripled over the last decade and has grownsubstantially faster than export of "ordinary" goods.Cleantech now represents 16 per cent of Danishexports (2008). But there is no room for complacency. Mygovernment has set the goal that by 2020 Denmarkshould be among the three most energy-efficientcountries in the industrialised world. In the nextdecades, we aim to reduce our CO2 emissions with the long-term goal of becoming completelyindependent of fossil fuels. This will no doubt require a tremendous andsustained effort by all, but it will also contribute toreducing costs in our households and to keeping ourcompanies competitive in the global market place. As we look to the next UN climate change conference- COP16 - Denmark is working with the incomingMexican presidency to ensure that the currentmomentum is translated into concrete action. Welook forward to continuing to work closely with all key countries towards creating a strong globalframework. nThis is an edited version of a speech Prime MinisterLars Løkke Rasmussen delivered at PekingUniversity on April 12 2010 in Beijing, China.