The Coalition claims pursuing net zero will increase power bills – but in the real world the opposite is true

The Liberal party has settled on a catchcry against ‘net zero at any cost’, arguing renewable energy leads to higher bills and lower living standards. However, the IEA and other experts disagree. Photograph: Tracey Nearmy/AAP

Just as the Liberal party walked away from a firm net zero emissions target, a new International Energy Agency report told the world that a more ambitious clean energy transition means lower household power bills.

The timing is exquisite.