Labor is refusing to reveal the cost of its commitment to drastically reduce carbon emissions in 30 years’ time.

Opposition leader Anthony Albanese has announced a target of “net-zero emissions” by 2050 but has failed to provide costings or an economic impact statement.

The government claims the move would cost $400 billion a year and would decimate agriculture, manufacturing, mining and a range of other industries.

Nationals Senator Matt Canavan tells Alan Jones it’s a ridiculous idea.

“This would be the destruction of the Australian economy, quite simply.

“The reason the Labor Party won’t cost it… is because if you knew the detail you’d run a million miles away from this. That’s why they’re not doing it.”

Mr Canavan says New Zealand has already legislated a net-zero emissions target with detailed costings that show a devastating economic impact.

Click PLAY below to hear the full interview