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The Albanese government has unveiled a $1.1 billion investment aimed at developing Australia's low carbon liquid fuel industry, focusing on sustainable fuels derived from local resources like canola oil. This initiative is expected to create jobs, enhance economic opportunities, and contribute to Australia’s net-zero emissions targets.

The funding will support onshore production of cleaner fuels, with the first outputs anticipated by 2029. As climate risks intensify, this investment positions Australia to lead in the global transition towards sustainable energy solutions.