The Liberal Party has opted to ditch its commitment to achieving net-zero emissions by 2050, but will stick with a key climate change treaty.

Liberal sources confirmed the party's climate policy following a shadow cabinet meeting on Thursday and weeks of division over the issue which has threatened Sussan Ley's leadership.

The party will remain within the international Paris Agreement, signed in 2015, which requires members to increase their emissions targets every five years, the sources confirmed.

The decision follows a five-hour meeting between all 51 Liberal MPs and senators, where a majority spoke in favour of ditching Australia's net-zero goal according to people in the room.

Climate Change Authority chair and former NSW Liberal treasurer Matt Kean told ABC radio ditching net zer

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