Hon Dr MEGAN WOODS: Fuel used in manufacturing and production generates about 8 percent of New Zealand's emissions, and it's the second-largest source of energy-related emissions for transport. The fund will help deliver up to 10 percent of the gross emissions reductions required from the commission's first draft carbon budget for the period 2022 to 2025, at an abatement cost of between $20 and $30 per tonne of carbon dioxide equivalent.