The plan is built on two core principles: affordable energy and lower emissions – securing Australia’s energy future through practical, balanced and responsible action. It remains committed to the Paris Agreement and for Australia to do its fair share to reduce emissions in a way that protects household budgets and keeps the economy strong. While it is not Liberal Party policy to set long term targets, Net Zero would be a welcome outcome, if achieved through technology, choice and voluntary markets.

Under the plan, Australia will reduce emissions:

• on average year on year, for every five-year period of Australia’s Nationally Determined Contribution
• in Australia’s national interest by doing our fair share considering the real performance of OECD countries
• as fast and as far as technology allows, without imposing mandated costs on families or industry. 

It proposes adoption of a balanced energy mix, harnessing all available energy technologies to make energy affordable. This includes:

• renewables in the right place
• Hydro and storage
• gas generation, and new gas supply by unlocking more exploration and infrastructure, and an east coast gas reservation scheme
• no premature closure of coal plants
• lifting the ban on zero-emissions nuclear energy, which 19 of the world’s 20 largest economies are either using or moving toward.