Woods Megan; Dean JacquiHon Dr MEGAN WOODS (Minister of Energy and Resources): Thank you Madam Speaker. Nearly 2½ years ago this House came together and I think displayed what it can do when it is at its best. We came together across parties to put into place the binding domestic framework that the Minister of Climate Change has just been talking about in his speech. We came together because we know the climate crisis that we face is intergenerational. No one Government will solve this crisis on its own. It needs to be a commitment from parties right around this Chamber that we do have a way to tackle a real and present danger and crisis. So when this House passed the Climate Change Response (Zero Carbon) Amendment Act with unanimous support I think that was a very good day for what we can achieve as a group of parliamentarians. The Minister of Climate Change has said to us as a group of Ministers that we are all climate Ministers. That is correct—each and every one of us needs to be considering climate when we consider our portfolios—but we are all climate parliamentarians. We must all be considering the climate crisis and how we meet that over the coming decades. This Act is determining what our climate response will be in these first three emissions budget periods and I want to reflect a bit on what these budgets will mean for us. These budgets are ambitious and they should be but—importantly—they are achievable. They put us on the path for what the science tells us needs to be done and with the right commitment we will play our part in tackling emissions but at the same time we can also build our economic security. Globally New Zealand has an enviable environmental reputation. That means our products are in high demand. Moving towards a low-emissions economy is not only critical for our planet but it is also good for business and builds our resilience across multiple sectors including energy and transport. We know that this will put us on the right path. Today's debate is not about these policies per se but it is worth reflecting that we know we have effective measures available to us. What it takes now is the political will to put those measures in place. To meet these emissions budgets we know that we will need to pull all the levers to continue to turn our pledges into high performance and to bring momentum to tackling this crisis. These are things that any responsible Government must take seriously and must have a comprehensive plan to meet. The emissions trading scheme creates a price incentive but it is alongside complementary policies like energy efficiency standards the Carbon Neutral Government Programme and programmes we've put in place such as the Government Investment in Decarbonising Industry Fund (GIDI) that it all can work in tandem to enable the change that we need at the pace that we need it. GIDI in particular has shown us what can be achieved quickly when we do have ambition and back businesses to make the change. To date I reflect on the $69 million that we have spent on that scheme across 53 major industrial projects. These projects are the equivalent of taking 134800 cars off our roads. This is the kind of change that we need to see. But we also have to have a commitment to this being a just transition a transition that is equitable and a transition that is inclusive where no one is left behind. The pace here does enable this and this Government is committed to delivering a fair and equitable transition to provide a future where clean green jobs and cheaper electricity and energy become the norm. We must be thinking of people within this transition and how it is that we are prioritising this. We need to do this we have to do this and we are able to do this. I want to thank the Minister of Climate Change for leading this work and I commend these emissions budgets to the House. ASSISTANT SPEAKER (Hon Jacqui Dean): The Hon Kiritapu Allan—five minutes.