The Liberal Party’s new climate and energy policy, announced on Thursday, would scrap Australia’s commitment to net zero emissions by 2050 and open the public coffers to support new and existing coal and gas plants while maintaining a promise to scrap the legal ban on nuclear energy.

Opposition Leader Sussan Ley and climate change and energy spokesman Dan Tehan said that, if elected, the Liberals would guarantee that the nation’s emissions would fall year by year, but the Albanese government’s ambitious climate goals would be wound back.

The Liberals would also scrap the government’s existing emissions reduction measures, such as the fuel efficiency standards and electric vehicle tax breaks, the safeguard mechanism that forces big polluters such as factories to cut their greenhouse out

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