I think there are a number of opportunities there. When we look at how the system across the country could be enhanced, we really look at three things. I mentioned improved FPT collaboration. I think we've seen positive developments there with the streamlining of regulatory approvals, the “one project, one review” agreements that have been signed across the country. Business needs that certainty, not only around expanding the carbon credit trading market, which is significant, but also, as we and other witnesses have talked about, around implementing financial mechanisms that give that certainty. Whether they are carbon contracts for difference or a price floor mechanism, this is really important for making those decisions, both in traditional and emerging sectors, I would say.
The last thing to note that we've seen the government move on—and we saw this in budget 2025—is that a clear industrial carbon pricing signal isn't the only consideration. What we've seen with the clean economy investment tax credits is not insignificant. That is quite an important piece across a range of sectors. It is a significant incentive as well.