Shadow treasurer Jim Chalmers still rues the day the federal government ditched its national energy guarantee, saying it was another missed opportunity to get a coherent policy.
Dr Chalmers told a conference in Canberra energy policy is the main thing that is talked about in boardroom discussions when he has travelled the country.'
"We've all got ideas what the perfect energy policy is," he told the Committee for Economic Development of Australia's State of the Nation conference.
"But the most important thing is actually to settle something which is certain, where you can invest in it with a bit of confidence and it's not going to change in six months or 12 months time."
He said the NEG wasn't everything Labor wanted but it was prepared to support it and to settle a debate that has been going on for 12 years.
Labor is now reviewing all its energy and emission targets that it took to the last election which will result in a detailed policy, that will be more ambitious than the government on dealing with emissions, he said.
"Our priority is to try and work something out that we can agree with the government on because I don't think we can afford as a country for this issue to keep going on and on and on, where it's two warring camps and nothing gets solved," he said.
Australian Associated Press