All that I can say is that the system has worked elsewhere, for example in the case of sulfur dioxide in acid rain. It appears to be working in Europe. Here, in our audit, we were not even in a position to see what stage the development work for the architecture of the emissions trading system was at. We have not even gotten that far, but the system should be operational within 15 months, in other words for January 1, 2008.
On October 3rd, 2006. See this statement in context.