Malcolm Turnbull: Labor's climate targets will destroy Australia's bargaining power

Bill Shorten fails to realise world has 'moved on from ideology', says PM - but Climate Institute contradicts him

Malcolm Turnbull has warned Australia would lose vital "leverage" in international negotiations under Labor's plan to dramatically increase Australia's emissions reduction target.

On the first official day of the election campaign the prime minister criticised the Labor leader, Bill Shorten, for failing to realise that the world had "moved on from ideology" in the climate change debate towards practical negotiations.