This Government will likely spend 15 years' worth of Budget allowances as we rebuild from the impacts of COVID-19, and the decisions we make this term will shape the future of our economy, our communities, and our planet for decades to come. It is also a time when we face other fundamental challenges to the wellbeing of our people and of future generations: housing affordability, inequality, climate change. According to the Intergovernmental Panel on Climate Change, we have just 10 years to halve climate-damaging emissions and protect this planet for future generations. Ten years is a very short time for any Government, at any point in time. This term, the big levers need to be pulled. It is this term that the downward trajectory of carbon emissions must begin. Governments cannot do what they did before and sit on our hands. It is time for action.