DAVID SEYMOUR (Leader—ACT): Thank you, Mr Speaker. I rise on behalf of ACT in opposition to the Climate Change Response (Emissions Trading Reform) Amendment Bill. I thought that the Minister for Climate Change, James Shaw, started his speech very well when he said the objective of climate change policy should be to ensure that carbon emissions are priced at the cost they will impose on future generations. He might have added a couple of other details. One is that it should be done in the most administratively simple way possible. Another is that it should be done using market-based mechanisms so that consumers—households, families—have choices about how they spend and producers—farms, factories—have choices about how they produce. And another thing he might have said is that this legislation has to ensure that New Zealand does not shoot itself in the foot and penalise itself by exceeding the ambition of other countries, who dominate the climate. That's what he should have said: "an administratively simple, market-based mechanism that allows New Zealanders to do their bit freely and with choice but that doesn't penalise New Zealand by needlessly getting ahead of our competitors around the world".