Opposition maintains ambitious targets but aims to minimise cost to households and defers details until after election

Labor is proposing two emissions trading schemes – one for big industrial polluters and an electricity industry model similar to one once backed by Malcolm Turnbull – in a climate policy that trumps the Coalition’s ambition but minimises the hit on household power bills and leaves important detail to be determined post-election.

Related: Climate change plan: thinktank suggests policy both sides of politics can embrace

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Source: Guardian Environment