Thank you, Mr. Chair.
I think that your conclusion is harsh. You're saying that the emissions reduction fund could boost oil and gas production and lead to increased GHGs. If so, it would become an ineffective subsidy for fossil fuels. That's my takeaway.
In terms of the third intake period, you made four recommendations. First, I wonder whether you could state in your recommendations that it might be better if there were no third intake period.
Second, do you really believe that, by applying the four criteria that you're presenting as necessary changes, we can actually reduce GHGs?