Greens leader Bob Brown and his deputy, Christine Milne, flew to Canberra ahead of the parliamentary sitting week to continue negotiations with the Prime Minister, Wayne Swan and Climate Change Minister Greg Combet, after Friday's meeting of the multi-party climate change committee terminated abruptly.
A spokeswoman for Senator Brown said last night Labor and the Greens would continue their discussions this week but the Greens "did not expect any immediate final conclusion".
The Greens have been pushing for a significant portion of carbon tax proceeds to be redirected into developing renewable sources of energy.
In his economic note yesterday, the Treasurer said putting a price on carbon pollution was "one way" of encouraging investment and innovation.
"Another way is to have the right tax incentives for research and development," Mr Swan said.
On Friday, Mr Combet stressed that Labor was aiming to legislate a scheme that was "neutral across alternative technologies". Read the full report here.
Source: Lauren Wilson, The Australian.
