The emissions trading scheme is the most efficient and first way to achieve carbon reductions, and increasing regulation will in fact make meeting our climate change obligations harder. The Minister of Commerce and Consumer Affairs has produced a world-class press release, but this is not world-class law—or it's not a world-class bill. Minter Ellison, the law firm, also asks: why is this not also applying to Government departments, Crown and local authorities, who should also be legally obliged to follow the new climate-related financial disclosures? Simply an expectation that they disclose in line with the law is not good enough, in their view, given Government departments, Crown and local authority entities may compete with listed entities. It's very important there's a level playing field and they have at least strict requirements. Further, many such entities are major emissions producers and polluters, and yet there is no mechanism to address that.