When that report was published, we had 12 years left to make the necessary emissions reductions. But we don't have 12 years any more. Now we have only 10, and soon it will be nine. With nearly three decades of inaction behind us, we came into Government at the last possible moment before the window of opportunity to change course closes for ever. That is why we have spent the last three years putting in place the institutional framework to bend the curve of our emissions downwards, something that has never happened before in our country. Once passed, the reforms contained in this bill will be a critical part of that framework.