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Australia politics live: Bridget McKenzie says ditching net zero emissions is in the ‘national interest’ | Australian politics

Ditching net zero emissions target in the ‘national interest’, Bridget McKenzie says

The Nationals’ Senate leader, Bridget McKenzie, says her party’s decision to ditch net zero emissions by 2050 targets over the weekend was in the “national interest” and nothing to do with the Liberal party’s policy position.

Appearing on ABC’s Afternoon Briefing, McKenzie was asked whether the Nationals’ policy was about pushing the Liberals to dump net zero. She replied: “Not at all.”

Action on climate change is an absolute non-negotiable, but the reality is how we are pursuing lowering emissions in this country is failing.

Pressed on whether it would be possible to stay in the Coalition if the Liberal party backed net zero targets, McKenzie said they would have to “go through their own processes”.

We have been pretty upfront … about having this conversation within our party room and putting our people, our industries and their future at the very forefront of our decision-making. So we have taken this decision in the national interest, we believe it is the best pathway to have a better, cheaper and more fair energy policy …

I don’t think it helps the Liberal party or the Coalition more broadly for me to be commentating on what they may or may not do.

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Patrick Commins

Home building approvals on the rise but still well below Labor’s target

There were 191,695 home building approvals in the year to September, the most in nearly three years but still well short of the annual rate required to meet Labor’s target of 1.2m new homes built by the end of the decade.

To meet that “ambitious” goal – included in the Albanese government’s housing accord – we would need to build 240,000 homes on average annually over the five years to mid-2029.

Nobody believes that target will be met, which bodes badly for our ability to build our way out of the housing affordability crisis.

Indeed, separate ABS data has shown there were nearly 174,300 new homes actually built (not just approved) in 2024-25, or the first full year of the housing accord.

Good, but not good enough

All of which detracts from the good news story that the number of homes being approved to be built has been heading higher.

The number of home building approvals in the year to September was 14% higher than in the year to September 2024, according to Master Builders Australia.

Getting anywhere near Labor’s target requires a massive pickup in building of higher density projects.

The total monthly number of homes approved which were apartment or townhouse builds (so not standalone houses) jumped to 18,145 in September. The last time monthly no-house approvals approached that level was in August 2022.

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