 I now also want to welcome Kristian Fris back to the stage and you would like to stay with him? Yes. Now when you are so used to each other. Because it's actually Kristian that said I'm coming to Recom, aren't you? And I said, well, I don't know. So it's thanks to him that I'm here. You're most welcome. Thank you very much. Well, I'm really pleased to be here. I feel at home in a kind of research academia, community here, having spent 10 years of my own life in that exact position. I feel really at home here with good friends, Tom and Janning, who told me everything about GD modeling and Finn, who told me very much about development, having worked with all of you. It's really a pleasure to be here, so thank you for that. It's also good to be part of the Recom exercise. I did write together with Janning one paper into the Recom research body and when I became a minister, I obviously panicked immediately and said, what did I write? Because suddenly, of course, now I have quite different opinions about a lot of things. So I never said that, just from the outset. But this issue, aid in a changing environment and aid in climate change, I think is absolutely crucial. And it's something we did it wrong in the 90s. We ran climate change into something that had to do with obstacles and constraints and quotas and binding agreements. And it did not at all inspire anybody, especially not in the developing world, because they saw it as an obstacle to growth. And they said rightly with an equity perspective that this is not fair. You caused it. We take most of the burden and then you try to force us to stop our growth path in order to solve it. It's not fair, which it wasn't. And it didn't inspire anybody. I think we've learned a lot from that. And today we have turned it around. And from talking about the climate agenda as a stumbling stone on a pathway to growth, we try now to create the building blocks that can take us there instead. And I think sustainable energy for all is probably the best example. The global initiative where I am probably part of the advisory board is an example of how you can turn it around and turn it into something aspirational. Sustainable energy for all has the three strong goals. We must get modern energy to everybody, every single woman standing in a smoke filled hut, every single child who cannot learn to read and write because they don't have light. We have to get them energy and modern energy and electricity. That's inspirational. That brings people together. That's a task to work on. And then we need to double our energy efficiency. That's also inspirational because that's a free lunch. Because doing that, you know, it creates jobs as well. Those who are insulating their houses or to improve the cook stoves with poor families. That's growth as well. And it's free lunch. It's good economy as well. And then we need to double the share of renewables. That's inspirational. That's about investments in solar panels and in biofuels and in biogas and all of it. And it could be done. Just a few months back, I visited a small village in Nepal that I have the Danish would know. I've talked a little bit about it. But in Nepal they actually did it right. And I visited the small village, you know, where they now have solar panels and they have micro hydro and they have biogas and improved cook stoves and all of it. And it's about growth and jobs and everything. And the tailor was tailoring away during the night because he had the electric light, you know, and the kids were getting their schoolwork done, you know, and as I said, the chicken were eating more and growing faster because they had light throughout the night as well and thereby of course dying earlier. But that's part of the game and that's part of growth. And so it was really inspirational. And building this from the bottom up, you know, that's where climate change, mitigation, adaptation and development partnerships comes together. I agree with Channing. He said prices. Prices are crucial. Prices are absolutely crucial. And we've underestimated it as well. And with local sustainable energy fall, if you want to get energy, electricity to everybody, prices need to be low. If you want the energy efficiency to go up, prices must be high. And if you want renewables to come in big time, prices must be right. And it's about feed-in tariffs and all of it. So that's a very complicated issue to solve and here Development Aid can come in again as one of the catalyzing effects of getting prices right. I think one of the new World Bank initiatives is fascinating because the quick win here is fossil fuel subsidies, getting rid of those. That's, it must, should be easy. But it's not. If we do it, it is a win-win-win-win-win-win, you can go on for an hour situation because that's really good economics. It's good climate. It goes development because fossil fuel subsidies do not reach the poor. They don't. Primarily, they go to the rich, getting rid of them. We can, and using the revenue, we can get much larger impact on poverty by using the money more smartly at social safety nets, for instance. So what the World Bank says now to a country like Egypt, they say, okay, you can't get rid of your fossil fuel subsidies because people will turn, go to the streets and triple or try to topple your government if you do so. So what we will offer you is a social safety net in return for cutting fossil fuel subsidies. That's really, really a good deal. And that way of catalyzing economic policy, prices, renewables, energy efficiency and taking care of the social concerns and fighting poverty at the same time is what those situations we should look for. And that's where we can get a double bang for all the box that we have. And increasingly, that's how we need to work. We need thereby also to be much more innovative in raising money and financing. And we are so. I often brag about the Danish Climate Investment Fund. Whenever I take two Kroners and put into the Climate Investment Funds, then our pension funds and our, the pension funds and corporate investors, they come with three, four times as much. And that gives me 10 from two, then I have 10. And then we can invest together with companies. And then they say they can triple, four-double, ten-double perhaps even, the investments. So by means of a few Kroners, I can perhaps get 20, 30, 40 Kroners of climate investments out of it. Now, that's really smart and we need to do much more of that. And we are doing much more of that, blending, leveraging investments and using it to mobilize investments in climate change and or in climate mitigation and adaptation at the same time. It's a really good investment and we haven't done it enough. And finally, my last point, we need to be much better at measuring, of course. We need to be able, therefore, also to measure our success. Now, in Sustainable Energy for All, they've already done the first global tracking framework. Mentally important. Now you have a baseline for the three targets in Sustainable Energy for All. And now we know where to invest. Then we get policies and prices right. We mobilize innovative financing and then we need to measure whether it actually works in the right way for our economy. GDP is not enough. We need a green GDP. We need new ways of measuring growth and wealth. And we are supporting heavily the Waves Initiative in the World Bank and other initiatives trying to be better at measuring how to promote change and combine the climate and development agenda in new innovative ways. So that's what's in front of us. And at the same time, of course, and we can get back to the discussion on that, we have a humongous challenge in front of us on mobilizing the overall financing for both those important agendas. But yes, thank you very much. Thank you, Christian.