Hon DAMIEN O'CONNOR: The initiatives in the emissions reduction plan will meet the emissions reduction target, set by the Climate Change Commission, of 10 percent by 2030 and set us up to reduce our emissions by between 24 and 47 percent by 2050. The other important impact of these initiatives is ensuring that our farmers and growers can meet the increasing demands from global customers and access incentives provided by financial institutions. For example, Tesco plc is now requiring its suppliers to disclose their current greenhouse gas emissions and establish a net-zero ambition by the end of 2022. Nestlé is committed to halving its greenhouse gas emissions by 2030, which will see it prioritise partnerships with those who have reduced their emissions and improved sustainability. Last week, one of the major New Zealand banks launched a loan product rewarding farmers for hitting climate, environmental, and social targets. The signals are clear and the time to act is now.