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ABC News Breakfast -

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(generated from captions) leader Bob Brown says a keel on

the Government's carbon tax is

possibly only about two weeks

away. It will be a away. It will be

ic as some of the country's

most senior politician and

policy make ers meet in

Melbourne today at a conference

look at Australia's growth. It

will look at how Australia capitalises on its resources

boom. One of the speak serious

Christine Milne and she is with

news the studio now.

We know a deal is imminent

but how close is it? We set

ourselves a deadline by trying

to reach an agreement by the

end of the month with a view to

having legislation later this

year and a scheme starts ing on

1 July next year. We are well

and truly on track for

that. It's the end of the month

now. As Bob has said, we are

moving through now. We have

gotten through some of the

major murlds and we're now look

at sorting out the detail and

so on. I think we will get there. Addressing the National

Press Club yesterday your

leader said it won't be a Green

outcome. Talk us through that.

What had the compromises have been reached? The Greens What had the compromises that

have a few that we are in a

climate emergency and we need

to be moving rapidly to a

decarbonised economy. I think

the question of speed is the

issue here. We would like to

see that transformation very

rapidly. Others have a few that

it may take longer. So when you come at it from that

perspective, you can see there

may be differences. But from

negotiating with the Labor our point of view, we're

Government, we're negotiating

with two Independents.

Everybody's views have to be

represented. The - respected.

The great thing about a multi

party climate committee and a

minor Government scenario is

that everybody's views do have

to be taken into account, have

to be respect and people have

to get compromises that think

we can the agenda forward but

actually work for them. So on

that basis it's not going to be

everything the Greens would like, not everything the Government would like or the

Independents. But we will

compromise. It's fair to assume

that emission target of 25 to

40% put forward by the Greens

is off the table, based on what

Bob Brown said yesterday. The

issue for us is up ward

flexibility. The problem we had

with the Government's previous

scheme was that it locked in

failure because it essentially

put a keel creeling on action:

We wanted to make sure that

whatever we agreed to now

enables us to move to higher

and higher levels of ambition overnight. - overtime and that has been a fundamental thing.

Secondly we said we would judge

this pack age on whether it was

economically efficient. Not environment ally effective and

perhaps as efficient as we

would like or as effective as

we would like buting in the

straight direction. Essentially

we want to see a transformation

to 100% renewables as quickly

as we can get there. In terms

of your saying everybody's

opinion should be taken into

account, we're seeing the idea

of action on climate change now

almost at its lowest level of

support. So how do you counter balance the fact that Australians seem to be against

all of this? I think what

Australians are saying is that they want action on climate

change but they want to be sure

that it will be effective. I

think once we're able to come

to an agreement and announce a

scheme, people will get behind

it because people are still

saying they want action on

climate change. They're not

sure that this is the action

that they particularly want. We

want to persuade them that

putting a price on carbon

pollution is really important

to reducing emissions

particularly from coal fired

power. But also that we need complementary measures to

really boost renewable energy

and Australians renewables. You

have only seen around the dount

Count write the up take of

solar just how much people want

to be part of this

revolution. There are a lot of

industries who will be hurt by

the changes. And, if they don't

go along and are not persuaded

by yourselves and the

Government, they could be

seriously voted out of power

and Tony Abbott is threatening

just to rescind the whole

lot. Well, he is threatening to

do that. It's difficult to see

how he would achieve that.

Because the Greens are going to

have the balance of power in

the Senate and even after the

next election that will still

be the case. So he won't be

able to push through a recision

and nor should he be able to in the sense that we have to act

on climate change. The business

community is now say what they

want is certainty. They need to

be absolutely sure that

whatever rules are in place are

in place so that they can make their investments. I don't

think they're going to thank

Tony Abbott for de stabilising

something when we get it in

place, especially because they

know if not now it will be back next time and next time and

it's going to happen. There is

an inevitability. So if we can

harness the business effort now

saying, OK, we have got a

scheme, we're going with it I

think it will be very difficult

for his to de stabilise that. There are reports this

morning that the committee has

reached a 1.5 billion dollar compensation package for the coal industry. Are they on the

mark? I am not going to comment

on the details of the package.

Clearly, we need to move beyond

coal. We need to get a

transition to renewables as

quickly as we can. But we

recognise that can't be

achieved overnight. It is

transitional. And, again, it's

about how quickly we can get

there. What do you find us

quickly. Bob Brown wants the

coal industry phased out

altogether. What do you define as quickly? We certainly do

need to get the coal industry

phased it quickly in terms of

energy generation. We have the

technology to go to 100%

renewables in the next couple

of decades. We need to do that.

Our Climate Commission, our

leading scientists, have said

that developed economies need

to be decarbonised by 2040.

When you consider we're at

2011, we don't have much time

so we need to get on with it.

That means building the renew

able energy right now so that

it's ready to take over. We

can't afford to keep the

emissions from coal fired

generators going. But we also

need to make sure that there

are jobs in communities. That

transition in communities is

critical as well. The

conference today we've seen in

international there's been a

lot of bipartisan support,

bipartisan work not only

politically but from businesses

as well. What is your sense

when you're going into a

conference like this about how

willing businesses and leaders

are in terms of coming

together, about renewables and

the future? Interestingly,

there is now quite a big

section of the business

community who see enormous

opportunities in moving to a

low carbon economy. That is

quite often in the small to

medium sized businesses who

recognise if you invest in

innovation, if you invest in

energy efficiency, in renewable

energy, that is where the jobs

of the future are. And we certainly need to get some manufacturing going. Of course

you have the vested interests

who are still heavily

entrenched in coal and heavily

entrenched in oil and they will

fight to keep the old fossil

fuel age going as long as they

can. That is essentially

business is now in the same

position as the broader

community and it's a question

of how quickly we can transition. But smart

businesses, even in the old

vested interests, are increase ingly

ingly diverse ing and you will

find a lot of those moving away

from coal go - into gas, some

are moving with a portfolio of

renewables and I think you will

see the portfolio of renewables

increase. As part of

complementary measures under a carbon tax deal? Certainly

complementary mesh us have been

on the table. Has Government

been willing to go to where you

want renewables to be? I am not

going to talk about where we

are in the negotiations. But it

wouldn't be a surprise for the

community to know that the

Greens have argued that just as

the Government might say we're

looking at coal generators the

Greens are saying we are

looking at investing in 100%

renewable energy future and

agreed that it's capable of

delivering it. And

delivering it. And the carbon

price will be? Christine