The Liberal Party has agreed to formally abandon its commitment to net zero emissions by 2050, a day after the majority of members came out in support of scrapping the climate target.
A meeting of Liberal shadow ministers on Thursday also decided to repeal Labor's 2030 emissions reduction legislation, but determined to remain in the Paris Agreement and set five-yearly interim targets, though only from government.
The party said it would reduce emissions on average, year-on-year "in line with comparable countries and as fast and as far as technologies allow without imposing mandated costs".
And while the Liberals would not actively strive for net zero, it was agreed that reaching it would be a "welcome" outcome.
"We remain committed to Paris and we made it very clear — it isn't our policy to set long-term targets, but net zer
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