Welcome back to Good Morning, Taslan. By now you've probably heard about Taslan's international commitment to reduce the country's greenhouse gas emissions by 40 per cent by 2030. And Prime Minister Kerry Ryan's plan of action to meet that target, the emissions trading scheme or ETS comes into force tomorrow. There are some high stakes for liable companies who will be hit with hefty fines if they don't comply. We now cross-live to Prime Minister Ryan's address to the press. People of Tasland, tomorrow is an historic day for our country. Tomorrow our emissions trading scheme will be enacted, allowing our economy to move forward in a way that creates green jobs and sustainable growth. With the Taslan ETS we become global leaders in greenhouse gas reductions, decreasing our emissions by 20 per cent in just three years. Other countries will look to Taslan for inspiration and innovation. Importantly the scheme is flexible. Liable entities can find the most efficient way to comply for their particular company. Whether this means obtaining allowances through auction, buying carbon offsets or reducing their emissions. The emissions trading scheme is not a tax. It is an opportunity for business innovation. I know that the companies of Taslan will rise to the occasion and make us proud. Sounds like it's all sunshine and roses, Diane. It's certainly good news for future generations, but for companies liable under the ETS, those in the mining, power, cement and iron steel sectors, it could be a challenging adjustment. Yeah, liable companies must decide, will they reduce their emissions by purchasing new technology straight away or will they decrease production? Will they play the market and secure a good price for allowances at auction or buy carbon offsets? Or will they simply do nothing and pay the penalty price for their emissions? Tomorrow's the day. Are we ready for it? We've got our marginal abatement in Koskurve. The good news is automating our equipment is a quick fix that will save us money. The bad news is that's not enough of an emissions reduction to cover our entire liability. So what else is on the table? We have four other upgrades we could implement. They're going to cost us money, but they will permanently reduce our emissions. And all the options are Prime Minister mentioned are there too. Purchasing allowances, purchasing offsets and paying the penalty price. So we need to look at our possible abatement projects, the penalty price. And the prices of offsets and allowances. And those change over time, so we'll need to keep an eye on them. Sounds doable. I think our carbon and energy management team will be on top of it.