Key Fact 002
The International Energy Agency (IEA) identifies biofuel as a major player in the decarbonisation of the transport sector.
The IEA projects global annual biofuel production will increase tenfold to 840 gigalitres by 2060. As a proportion of all fuel, the amount of biofuel currently produced in Australia sits below the global average.
For the nation to contribute its share of the projected global average in 2060, it needs to increase its biofuel production by a factor of 40 to approximately 20 gigalitres per year.
Renewable natural gas fuel, or biomethane, is produced entirely from organic waste. As a fuel for natural gas vehicle fleets, including heavy-duty trucks, it is estimated to result in 70 percent lower greenhouse gas emissions than from equivalent gasoline or diesel fueled vehicles.