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 Nationally Determined Contributions, though only from government.

While the party would not actively strive for net zero, it was agreed that reaching it would be a "welcome" outcome.

One Liberal told the ABC the outcome was a "compromise" between the moderate and conservative factions. Another said it was clearly more closely aligned with the right faction's preferred position.

It brings the party closer to the Nationals,

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