In this paper we use a gradient flow to deform closed planar curves to curves with least variation of geodesic curvature in the $L^2$ sense. Given a smooth initial curve we show that the solution to the flow exists for all time and, provided the length of the evolving curve remains bounded, smoothly converges to a multiply-covered circle. Moreover, we show that curves in any homotopy class with initially small $L^3lVert k_srVert_2^2$ enjoy a uniform length bound under the flow, yielding the convergence result in these cases.
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