Hon Dr MEGAN WOODS (Minister of Energy and Resources): Thank you, Mr Speaker. Recently, I announced the second round of recipients of co-funding from the Government Investment in Decarbonising Industry Fund. The fund is a partnership between Government and business to accelerate the decarbonisation of industrial process heat while creating jobs. Process heat makes up around a third of New Zealand's overall energy use, and over half of processed heat is fossil fuelled, mainly by gas and coal. By working closely with large industrial users to transition away from fossil fuels we're continuing to decarbonise our economy as part of our transition to a low emissions future.