But what about the ETS?
Here is the relevant text from the agreement,
National agrees to a review by a special select committee of Parliament of the current Emissions Trading Scheme legislation and any amendments or alternatives to it, including carbon taxes, in the light of current economic circumstances and steps now being undertaken by similar nations.
National further agrees to pass forthwith an amendment to the ETS legislation delaying its implementation, repealing the thermal generation ban and making any other necessary interim adjustments until the select committee review is completed.
ACT is not opposed to New Zealand adopting responsible climate change policies. What it opposes is an ETS that was never adequately justified. If a rigorous select committee inquiry establishes a credible case that New Zealanders would benefit from action by New Zealand, in conjunction with other countries that are important to us, ACT would be prepared to support legislation giving effect to such action.
Good. Delaying its implementation is a good start.