Hon GRANT ROBERTSON: The global energy crisis highlights the importance of the move to energy security and independence for New Zealand. Budget 2022 will focus on investing in initiatives to reduce emissions and meet our climate goals. This will include moving away from volatile global oil markets by decarbonising our vehicle fleet and supporting public transport, cycling, and walking. To respond effectively we need to make significant investments across multiple Budgets. The new Climate Emergency Response Fund will invest the proceeds of our Emissions Trading Scheme to combat climate change and support the transition to a more resilient economy with investments that will create sustainable jobs and boost productivity. 