So it's important we get this auction system right; it's important that it works well. But policies like the oil and gas ban, for example, have simply caused a constraint on the ETS' operation, because now we're burning—well, we imported a million tonnes of coal last year because we don't have the gas resources. In other countries, emissions trading schemes have led a swap-out from coal or a substitution with gas—half the emissions; that's what the ETS actually does. It works really well, but we have to think about all these policies that we bring in and ensure that they don't work against the ETS and foist needless costs on New Zealanders. And if anyone's been checking the spot prices recently in the electricity market, it's up to $500 a megawatt hour. That is the market working, but it's being pushed that way because of needless policies that have very little basis in fact—it's virtue signalling with an A+, which is something the Government's very good at. What we want is real, positive policies that achieve what they set out to do.