The other quite unique element of this Budget is the creation of the Climate Emergency Response Fund, another multi-year fund. This is where we are recycling the revenue of the emissions trading scheme directly towards emissions reductions initiatives. This House has a serious responsibility to support New Zealand in meeting the climate change targets that we have set. Not only is that important for the health of our planet and the health of our people, it is also where economic opportunity lies for New Zealand. And so the Climate Emergency Response Fund will be used to make sure that not only do we meet those targets but that we seize those opportunities. This is a fund that is outside of the Budget allowances, it is hypothecated—to use the technical term—it's designed to target and make sure that we are making progress on meeting those emissions reductions plans. 