Overview
- The Liberals and Nationals formally replaced their climate stance with a joint policy that scraps emissions targets and frames net zero only as a welcome outcome achieved by technology and choice.
- The plan proposes a technology‑neutral Affordable Electricity Scheme, potential underwriting for coal and gas, lifting the federal nuclear ban, and expanded gas exploration and infrastructure.
- The Coalition says it will keep Australia in the Paris Agreement but will not set new short‑term targets until in government, and it would remove the emissions reduction objective from national energy market rules.
- Moderate Liberals pressed Dan Tehan on whether coal could be subsidised under the rebadged scheme, exposing internal tensions even as Sussan Ley presented a united front and rejected leadership spill talk.
- Labor and major energy companies warned the reversal undermines investor certainty and risks higher bills, while a RedBridge–AFR poll shows the Coalition’s primary vote falling to 24% and One Nation rising to 18%.