2.2 The implementation schedule The system will be implemented in a number of phases. The following dates have been set for the implementation of major milestones: Date  Phase  9/3/98  Introduction of electronic end-of-day settlement through SAMOS The SAMOS system and the interbank settlement network SARBLINK to facilitate the end-of-day settlement process were activated as from 9 March 1998.
Key insight number one: our real economies need to transform to net zero emissions quickly. To achieve this goal, a carbon pricing system is the most important lever. Ensuring an adequate carbon pricing system is a task for elected governments, not for central banks. Clearly, timely action is of the essence here. Timely action would allow for a stepwise approach.