Abbott set for carbon clash with IMF

THE Abbott government is heading for a clash with the International Monetary Fund and the OECD over its plans to abolish the carbon tax.

The leaders of both institutions have strongly endorsed carbon pricing and will report on steps being taken to introduce it in their assessments of member economies. "Our message to finance ministers is you can raise your revenue by doing the right thing, and by the same token you are going to also take care of the future of your grand children," IMF managing director Christine Lagarde said at the fund's annual meeting in Washington. Australian