First, simplicity and certainty for the market operators matter a lot. We have seen that a long-term signal and stable market conditions are critical; hence, a mandatory and absolute cap system is the most efficient way to go.
The other part of the question is whether or not we have a fragmented market in Europe. I think we have not been concentrating very much on the traders and the trading institutions. In fact, we have left that to the private sector. But we see in Europe that a tonne of carbon dioxide is being traded, a tonne of greenhouse gases is being traded all along the EU. There is one price and there is one basic exchange system, even if the trading institutions are different. We see that as a highly integrated market in which tonnes of carbon dioxide are being traded between Lithuania, Spain, Poland, Germany, and the UK. In that sense, simplicity again matters a lot.
Thank you.