Australian news and politics live: Sussan Ley says marathon net zero meeting went ‘really well’

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You can read tonight’s edition of The Nightly below:

Today’s net zero meeting ended with no annoucement, but The Nightly has access to principles underpinning the Liberal Party’s energy policy that were distributed today.

The two foundational energy and emissions reduction principles are:

1. Having a stable, reliable energy grid which provides affordable power for households and businesses.

2. Reducing emissions in a responsible, transparent way that ensures Australia does its fair share.

Dan Tehan has guaranteed the Liberal party will release their new policy on Thursday.

“Rest assured that by around midday tomorrow you will very clearly know what our energy and emissions reduction policy is,” Mr Tehan said.

The shadow energy and emissions reduction MP said Sussan Ley would join him for the announcement after a night of formalising the policy.

“We’ve had incredible engagement and can I say today, once again, there was a lot of people who stood up and said how much they appreciated the engagement that had taken place and especially the Liberal Party meeting today to be able to flesh out these issues.

“I’m going to continue to respect that because that’s what the party room deserves.”

Shadow Energy Minister Dan Tehan has been quizzed on the guiding principles for the Liberal’s emission reductions focus.

“The foundation principle, the foundation principles were very clear that energy affordability must come first and must be the focus along with reliability,” Mr Tehan said.

“And then the second principle is that we have to be serious when it comes to addressing emissions reduction, because we want to be able to show very clearly that this is an issue.

“The whole party room takes this seriously, and we want to do our part when it comes to emissions reduction.”

Dan Tehan says the Liberals will not disclose their new policy today after the net zero meeting in Canberra.

“We’ve just had a very constructive meeting of the Liberal Party. We were united on many, many things,” Mr Tehan said.

“It was fantastic that we could all come together and debate the issues in this way. There was a set of principles that was handed out, that I handed out.

“Two guiding principles and then eight principles underneath that.

“Obviously there was very, very passionate discussions in the room because energy and emissions reduction is an issue that everyone cares deeply about.

“What’s going to happen from here? Obviously, this was part of the process that we’ve been undertaking a four part process.

“It started with me obviously forming a working group under the auspices of Susan and of David. We’ve had those discussions.

“There’s also been the process that Simon Kennedy and Jane Hume have led.

“What will follow after today is that I will prepare a submission that will go to the shadow ministry at 9am tomorrow morning and then myself and Susan will stand up after that shadow ministry and formally announce our policy.”

Shadow Communications Minister Melissa McIntosh has given insight into the lengthy meeting today.

“The first is I think there was consistency in the room. I certainly stood up for my community,” she said on the ABC.

“People from the party room did the same thing, that’s why it went for so long. The settlement on net zero will not happen today.

“We have another couple of processes. It will go to shadow cabinet tomorrow morning and then of course we have a meeting, full Coalition meeting on Sunday and then we have three designated members from the Liberal Party and three from the National level come together and discuss it.”

Leading conservative figures told the meeting the party should scrap all legislation and bureaucracy that Labor had set up to work towards equalising emissions by 2050.

They included Andrew Hastie, who argued a future Coalition government should be “all in” and prepared to go to a double dissolution election over the repeal if necessary.

Shadow minister Angus Taylor and Senate leader Michaelia Cash also called for the target to be scrapped.

After four hours and 45 minutes, with contributions made in alphabetical order, there were 28 who spoke against net zero, 17 in favour of keeping the target and four whose positions were unclear.

Liberal leader Sussan Ley has emerged from a marathon net zero party room meeting that lasted four hours and 45 minutes.

Most MPs preferred to keep quiet upon leaving but Ms Ley told waiting reporters the debate had gone “really well” and it was an “excellent meeting.”.

Senior conservatives Andrew Hastie and James Paterson shook hands in front of the cameras while Melissa McIntosh said she had “fought for her community”.

The PM says he will visit Indonesia in January to formally sign a new treaty with President Prabowo Subianto which will strengthen defence ties between the neighbouring nations.

He said the treaty would build on the 2006 Lombok Treaty, which reaffirmed Indonesia’s territorial integrity and sovereignty, and also on the Defence Cooperation Agreement signed last year.

“This treaty will commit Australia and Indonesia to consult at a leader and ministerial level on a regular basis on matters of security, to identify and undertake mutually beneficial security activities,” Mr Albanese said.

“And if either or both countries’ security is threatened, to consult and consider what measures may be taken either individually or jointly, to deal with those threats.

“I hope to travel to Indonesia in January next year at the President’s invitation to formally sign the new treaty, after it has gone through our domestic processes.”

Despite having several Australian and a group of Indonesian journalists at their press conference, held on top of HMAS Canberra, neither leader took questions.

President Prabowo Subianto has described a new treaty between Australia and Indonesia as an “important agreement” based on the “best of intentions”.

He said neighbours must support each other and he looked forward to “close cooperation in the defence and security fields”.

“We cannot choose our neighbours. It is our destiny to be direct neighbours. So let us face our destiny with the best of intentions,” Mr Prabowo said.

“I believe in the good neighbour policy. Good neighbours are essential. Good neighbours will help each other in times of difficulties. When we face an emergency, it is our neighbour that will help us.”

He said the Treaty was about “reaffirming our determination to enhance our friendship” as partners and close neighbours.