The whole basis of this bill, the basis of the Government's reforms to the ETS, is ensuring that we have a predictable price on emissions so that business can have that stability, can then invest long-term in the technologies and in the manufacturing methods to reduce emissions. Under National, the ETS was not working to reduce emissions. If we are serious about climate change, which this Government is, we needed to reform the ETS, and that is what this Government has done at the earliest opportunity.