Mr. Brian Carroll:

It is up to a company to choose whether to so do. Companies choose whether to mitigate or buy their way out. That is what I meant by "potential". The ETS is a cap and trade system on an EU-wide basis. Its objective is to achieve decarbonisation within the EU. One way or another, decarbonisation happens somewhere. If a company in a particular jurisdiction chooses to buy its way out, that does not mean that the overall target for the ETS in the EU will not be met.