04:41

The federal government should end policy uncertainty with a “stable and enduring” policy to reduce emissions, a multi-partisan parliamentary committee has said.

In a report tabled on Monday the lower house energy and environment committee called on the government and opposition to settle on a policy that is both “scalable” and gives “appropriate notice ... for changes in targets”.

With the Coalition and Labor still at-odds on the Turnbull government’s proposed national energy guarantee, the committee gave fresh impetus for bipartisanship on energy policy. The national energy guarantee imposes reliability and emissions reduction targets but Labor is concerned it incentivises fossil fuels at the expense of renewables.

The multi-partisan committee did not endorse any particular emissions reduction policy but set out principles suggesting major parties need to reach a stable accommodation and proposed a search for new solutions.

It called for the energy and environment minister and state energy counterparts to look at “new market, non‐market, and regulatory approaches” to maintaining dispatchable power capacity and system security in the national electricity market.