The Albanese government has indicated it will prioritise renewable fuels for the aviation industry but delayed a decision on mandating the use of such fuels, a measure that has divided the industry worldwide.
Tuesday’s budget included a $1.7 billion allocation over the next decade to the Future Made in Australia Innovation Fund. This will support the Australian Renewable Energy Agency’s efforts to commercialise low-carbon liquid fuels.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au