The Liberal and National parties have announced their new joint climate and energy policy, dumping a commitment to net zero emissions by 2050. 

Instead, the policy promises to reduce emissions "year on year," considering the "real performance" of other developed countries.

Opposition leader Sussan Ley has also said affordability would be at the heart of the Coalition's plan, though she did not outline when or by how much power bills should be reduced.

• Guest: Innes Willox, CEO of the Australian Industry Group 
• Producer: Isadora Bogle