Emissions target: lack of detailed policy a major concern, say business leaders

'Trying to cost what they have on the table is really just grasping at straws. We need to start filling in the detail,' says head of Australian Industry Group

" Comment: why Tony Abbott's climate 'strategy' won't neutralise the environmental argument

Business leaders have said Tony Abbott has no detailed policies to meet his new climate change target and fear the uncertainty of the current "blank sheet of paper" on greenhouse policy could harm the economy and push up power prices.

The prime minister is arguing he can achieve the target to cut Australia's emissions by 26% by 2030 more cheaply than Labor, even though neither major party has outlined a detailed or costed climate policy.