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It can help overcome concerns about loss of competitiveness, reduce trade barriers and increase the scale of markets.

By working together, countries, businesses, cities and others can move faster and achieve greater gains.

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It showed that the economic and social benefits alone would make many low-carbon policies and approaches worth pursuing.

But it also recognised that the challenges that countries face in tackling these issues are deeply shaped by their history and their political and economic circumstances.

Momentum for a low-carbon economy is building, but much more needs to be done.

International partnerships can help catalyse the economic growth and emissions reduction to get us there.

Further international and multi-stakeholder cooperation could also significantly enhance and complement the ambition of countries’ commitments under the expected new climate agreement.

The pledges made to date (“intended nationally determined contributions”, or INDCs) are important steps forward, but it is now clear that they are unlikely to add up to a level of emissions reduction consistent with keeping global warming under the internationally agreed limit of 2°C.

And these are actions that would also deliver multiple economic benefits.

Cooperative, multi-stakeholder partnerships – not just between governments, but among businesses, investors, states and regions, cities and communities – can help catalyze growth and emissions reductions together.

The INDCs are therefore just a starting point; to avoid even more severe impacts on human well-being and economic growth than are already expected, ambition will need to rise steadily over the next 10–15 years.

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