It will also serve to constrain the climate-related financial risk taken on by the banking sector. Climate-related financial risk would mean any activity that is not consistent with a 1.5-degree world. One of the reasons that the Reserve Bank has been calling for this mandatory reporting of climate-related risks is they know it is necessary if they are, in fact, to fulfil that dual mandate. One of the questions in all of this—a question banks will be asking themselves—is whether the Government is serious about this transition to a low-carbon economy. Of course, when it comes to this Government, the answer is yes, because we have built an enduring framework for a better future, and, in doing so, set the direction for future investment and innovation. 