After months of fierce internal debates, the Liberals have followed the Nationals and abandoned net zero emissions by 2050.

Opposition Leader Sussan Ley says her priority is prosecuting the government on rising energy bills.

But the Prime Minister, Anthony Albanese, argues abandoning emissions targets will push up power prices.

• Guest: Amandine Denis-Ryan, Australia CEO of the Institute for Energy Economics and Financial Analysis
• Producer: Jason Whittaker