Hon MICHAEL WOOD: Mr Speaker, a very well-crafted question, and in answer to it, what I can say to the member is that he's commenting on a piece of policy advice that was received in late 2020 which doesn't fully reflect the decisions that Cabinet actually made on the policy and a range of changes that were made to the policy after that point. I note from the regulatory impact assessment that officials prepared, it says, "The available evidence suggests that if price rises do occur, they are likely to be minimal and over time will reduce." It also notes that "A meta-analysis of CO2 standards in OECD and non-OECD countries suggests that they do not necessarily lead to noticeable price increases."