Overview
- The Liberal Party formally abandoned a 2050 net zero target and outlined a platform that prioritizes affordability and technology neutrality.
- The opposition proposes allowing public finance to support coal and gas by rewriting the Capacity Investment Scheme and changing Clean Energy Finance Corporation rules.
- Sussan Ley’s team plans to repeal key Labor measures, including the 82% renewables by 2030 goal, vehicle efficiency standards, EV tax breaks, the safeguard mechanism and the Rewiring the Nation fund.
- Dan Tehan has not provided modelling or costings and says emissions would still fall year on year, while experts such as Tony Wood say the plan is unlikely to lower bills or cut emissions meaningfully.
- Internal tensions persist as Ley avoids an immediate leadership challenge, moderates warn of losses in city seats, Matt Kean questions Paris Agreement compatibility, and Coalition talks with the Nationals are set for a virtual meeting on Sunday.