Hon JAMES SHAW (Minister for Climate Change): Now that the emissions trading reform bill has passed, the Government can finally set a cap on emissions under the emissions trading scheme (ETS). That cap will reduce over time as we head towards our goal of net zero emissions by 2050. The independent Climate Change Commission will provide advice about exactly how fast and how much to reduce those caps to ensure that we have both an effective and a just transition. With the legal networks now in place, our focus will start to shift towards practical measures to support Kiwi businesses and industries to upgrade to clean energy technology.