Hon DAVID PARKER (Minister for the Environment): Mr Chairman, the Minister for Climate Change, James Shaw, I think, told the committee, and I can confirm, that the experience of creating other green investment funds around the world is that it does take some two years to set up the institution and make the commercial arrangements necessary to begin making investments. As the member who has just taken his chair, the Hon Scott Simpson, has recorded, since the select committee met the first investments have been approved.