Australia soon to set carbon tax

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Australian Climate Change Minister, Greg Combet, said he expects to conclude details of a plan for a carbon tax soon after making progress in talks with lawmakers. The Multiparty Climate Change Committee- including the minister and lawmakers met yesterday and spoke on formulating the country?s first carbon policy.

?There are issues we?ve made progress on, others that we?ve got a fair way to go but it?s been approached in good faith and at the end of the day we?ll make an announcement,? Combet said.

Australia, the world?s biggest coal exporter, has set a target of generating 20 percent of the nation?s energy from renewable sources like wind and solar by 2020. Finance Minister?Penny Wong?said,?the carbon tax plan is ?a big reform? and ?a pretty tough sell? to businesses.

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