I hope that when we vote we will be able to improve the proposal by approving changes to it that will allow a less rigid opt-out practice and exclude carbon dioxide from raw materials from the calculation of allowances.

This kind of reasoning is a very important part of the calculation of discount rates in discounted cash flow investment valuation methodologies.

The calculations of discount, rebates and transitional relief make administration difficult but with the co-operation of the payers, the Regional Council hopes to make the transitional arrangements as easy as possible.