Hon MICHAEL WOOD (Minister of Transport): How good is it to be part of a Government and part of a country that is grasping the nettle of climate change. Over the last year, this House has actually worked together very collaboratively to set New Zealand on a path to tackle the most significant challenge of our times. Under the leadership of the Minister, James Shaw, who I acknowledge, we've reformed the emissions trading scheme (ETS) to make sure that it does have a cap that helps us to leverage down carbon emissions. 