I propose to take Questions Nos. 266 and 278 together.
The issue of emissions trading is addressed in Ireland's CO2 abatement strategy produced in 1993. However, the Kyoto Protocol provides that flexible mechanisms – emissions trading, joint implementation and the clean development mechanism – may be used towards meeting greenhouse gas emissions commitments in the protocol. International negotiations on the rules, modalities and guidelines for the operation of these mechanisms are ongoing, with an expectation that agreement will be reached at the sixth conference of the parties to the UN framework convention on climate change in late 2000-early 2001.