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The Australian government has announced a $1.1 billion investment over the next decade to develop a low carbon fuels industry, aimed at attracting private investment in biodiesel and sustainable aviation fuel. This initiative is expected to increase demand for biofuel feedstocks like canola and sugarcane, benefiting regional employment and supporting Australia’s net zero emissions goals. Finance Minister Jim Chalmers emphasized the country’s agricultural strengths and renewable energy potential as key factors in positioning Australia as a leader in the global transition to sustainable energy.