The last Government, who had already neutered the effectiveness of the scheme by a two-for-one scheme—so that you only needed to remit one emission unit for every two units of emissions, which made no sense—further moderated it by having a $25 price cap. So, effectively, they caused the price cap to go to $12.50 per unit, down from $20, and then they let the price collapse to close to zero because they didn't close the New Zealand system to those Ukrainian hot air units that other people have already talked about. That was an egregious mistake that was left in place by the last Government. It caused major deforestation on the volcanic plateau, caused a collapse in forest planting, and caused emissions to increase, all of which are the opposite of what an emissions scheme is meant to achieve.