Senior Morrison government ministers are confident the Liberals will strike a deal with the Nationals to get a target of net zero emissions by 2050 over the line.
The first rise of the week for Australian shares has coincided with a rise in unemployment as experts warn the economy will take time to recover from lockdowns.
Australian shares are on a three-day slide as soaring energy prices make life more difficult for people trying to resume regular activity after the pandemic peak.
Market giant CSL has helped offset losses on the Australian share market after revealing it is starting to collect more plasma for its therapies despite the pandemic.
The Reserve Bank of Australia left the official cash rate at a record low 0.1 per cent following its monthly board meeting, as widely anticipated by economists.