In New York on Tuesday, Prime Minister Helle Thorning-Schmidt committed 400 million kroner ($69 million) to the UN’s Green Climate Fund.
Speaking at the UN Climate Summit, Thorning-Schmidt said Denmark’s contribution to the fund would help developing countries reach their climate goals.
“Developing countries’ CO2 emissions have grown so much and are now so big that we can not reach our goals without doing something about it. Therefore, everyone must help,” she said after speaking at the summit, according to Ritzau.
The prime minister said that the new commitment will add to the more than two billion kroner ($345 million) Denmark has contributed to global climate goals.
“This is an effort that has been acknowledged internationally, and I hope that with this we can help push other countries in the same direction,” she said.
With the world failing to meet stated climate goals, Thorning-Schmidt has joined the leaders of 120 nations in New York City for the UN Summit Climate, where negotiations will begin on a new climate treaty that is hoped to be signed in Paris next year.
France on Tuesday also committed up to $1 billion to the climate fund, which was set up at the COP15 talks in Copenhagen in 2009, when developed countries committed to mobilising funds for developing countries' efforts against climate change.