Business and energy leaders warn Coalition dumping net zero won’t cut power bills and demand more detail

Industry leaders have said they need ‘a lot more detail’ on the Coalition’s abandonment of net zero, with some noting that there is no investor appetite for new coal-fired power stations. Photograph: mikulas1/Getty Images

Business and energy industry leaders have warned the Coalition that abandoning a net zero emissions target will not cut power bills, undermining the core promise of Sussan Ley’s signature new policy.

The chief executive of the Australian Chamber of Commerce and Industry (ACCI), Andrew McKellar, dismissed the policy as a “bit of a plan not to have a plan”, as the Coalition’s traditional business allies distanced themselves from it.