CANBERRA, AAP – Federal Labor has settled on a climate target of a 43 per cent reduction in emissions by 2030.

The caucus is meeting in Canberra on Friday ahead of an announcement of the details of the federal opposition’s climate policy.

Labor took a 45 per cent emissions cut to the 2019 election.

The coalition has a target of a reduction of 26-28 per cent below 2005 levels by 2030, but is projecting Australia will beat the target.