The Government's emissions reductions plan will help us meet the carbon budgets set by the climate commission. They are achievable but will require all sectors to play their part. They will also require sustained investment. Treasury has updated its forecasts for ETS cash proceeds by a total of $800 million, and the Government has agreed to use this increase to top up the fund, leaving $1.5 billion remaining. We will review the size of the fund on a regular basis, with the next opportunity being the Half Year Economic and Fiscal Update in December.