Slashing emissions from heavy industry, speeding up the renewables rollout and a kerbside charger blitz feature in Australia's updated climate action pledge.

The commitment to a 62-70 per cent emissions reduction by 2035 was unveiled by the federal government on Thursday after more than year in the pipeline.

The mid-2030s target was accompanied by a suite of policy announcements to get there.

Energy, industry and transport are expected to do the heavy lifting.

A total of $5 billion will be ring-fenced from an existing industry fund for cutting emissions in hard-to-abate heavy industry.

The Clean Energy Finance Corporation has also been granted a $2 billion top-up to grease the wheels of the renewables transition.

As much as $40 million has also been set aside to install more kerbside

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