Hon GRANT ROBERTSON: We're also investing in initiatives to reduce emissions and meet our climate goals. As we announced at the Budget Policy Statement on 15 December last year, the Climate Emergency Response Fund will hypothecate or recycle the revenue generated from the emissions trading scheme (ETS) into emissions reduction projects from 2022 on. This fund has been established with $4.5 billion from the ETS based on forecast proceeds over the next four years. This will ensure an enduring multi-year funding mechanism to support our transition to a low-emission, climate-resilient economy in a way that protects vulnerable families.