The Liberal Party has officially abandoned its target of net zero emissions by 2050 after the policy caused a staggering rift among MPs.

Opposition Leader Sussan Ley confirmed her party will no longer support hitting net zero by 2050 following a five-hour party room meeting in Canberra yesterday and a smaller meeting of shadow ministers this morning.

"The Liberal Party will remove a net zero target from our policy," Ley told reporters in Canberra today.

"And if elected, we will remove the 43 per cent by 2030 target and its net zero by 2050 target from the Climate Change Act."

The target will no longer form part of the Liberals' wider climate policy, however, in a silver lining for the party's moderates, MPs have agreed to stay in the 2015 Paris Agreement.

"We remain committed

See Full Page