Government promises to reach net zero by 2050.
Prime Minister Scott Morrison has released his plan to achieve net zero emissions by 2050, ahead of the COP26 climate summit in Glasgow.
Morrison unveiled the plan on Tuesday, announcing the government is committed to spending $20 billion on low emissions technologies by 2030.
"Australians want action on climate change. They’re taking action on climate change but they also want to protect their jobs and their livelihoods. They also want to keep the costs of living down," he said.
"And I also want to protect the Australian way of life, especially in rural and regional areas. The Australian way of life is unique."
The prime minister said there would be no legislation or mandates attached to the target and the plan will "not increase energy bills" or cost jobs.
"It will not impact households businesses or the broader economy with new costs or taxes imposed by the initiatives that we are undertaking," he said.
"It will not cost jobs, not in farming, mining or gas. Because what we’re doing in these plans is positive things, enabling things."
The Productivity Commission would undertake reviews of the economic impact of the policy every five years.
"It will be a safeguard for rural and regional Australia," he told The Australian on Tuesday, adding it would provide "accountability" for the government's emissions plan.
UK Prime Minister Boris Johnson hailed the commitment as heroic because of Australia's heavy reliance on coal and other emissions-heavy industries.