Thank you, and thank you to Jack Sargeant for bringing forward this debate today. It definitely hasn't been a dry debate, it's been more lively than I think any of us had anticipated, but really useful as well.

It is absolutely clear that net zero has to be a shared ambition for us across the Senedd, across Welsh Government and across the Welsh public sector more widely, and we've discussed many times in this Chamber how climate change is the biggest challenge that we face and how we need to act and act now.

The Welsh Government supports the ambitions set out in the motion to decarbonise those public sector pension schemes that are funded through investments. So, this covers the local government pension scheme and schemes for the Arts Council of Wales, National Museum Wales and the National Library of Wales, and, of course, our own scheme for Senedd Members.

The local government pension scheme is the largest of these, and this provides the pensions of nearly 400,000 members in Wales. Of course, it's not as simple as voting today to divest specific funds. Our pension funds, like the rest of the system, must respond fully to the climate and nature emergency. And we have set out, in law, our target to reach net zero by 2050, and, of course, the ambition for the public sector in Wales is net zero by 2030. To do this, public sector pensions, like others, must develop a coherent understanding of the current and historic emissions inherent in their investments. They need to identify positive opportunities to invest in developments that support the shift to the decarbonised world. They need to understand and respond to the financial risks that the climate emergency brings.