Hon Dr MEGAN WOODS (Minister of Energy and Resources): On Sunday I announced the Government has taken another step forward on our pathway to 100 percent renewable electricity. We've set aside $30 million to commence work on what could be the largest single infrastructure project since the 1980s. The initial phase of this project will be a detailed development of a business case focused primarily on pumped hydro storage, a key recommendation of the Interim Climate Change Committee. If the business case stacks up, a pumped hydro scheme could deliver significant benefits for New Zealand, including the widespread electrification of transport and industry, thousands of jobs, and more affordable power for New Zealanders in the long run. If the project proceeds, it will see us become one of the few countries in the world with 100 percent renewable electricity and enable the widespread decarbonisation of our economy.