Josh Frydenberg defends Coalition's climate record as he faces challenge in Kooyong

Treasurer says climate change is real and Scott Morrison's government takes emissions reduction 'very seriously'

Josh Frydenberg has defended the Coalition's record on climate change and says he will work hard to earn the trust of his constituents in the face of a challenge from long-time Liberal and now independent Oliver Yates.

Yates, a former Macquarie banker and head of the Clean Energy Finance Corporation, confirmed on Wednesday he would run in Kooyong at the coming federal election, declaring Frydenberg deserved to be challenged because of a lack of action on the environment.