As of 2021, biofuels accounted for about 3% of the world's total transport fuel consumption. In Australia, biofuels represented approximately 2% of the total fuel market, with a growing emphasis on increasing this share through government initiatives and industry investment. The use of biofuels varies significantly by region, influenced by local policies and availability of feedstocks. Overall, while biofuel use is increasing, it still represents a small portion of global and Australian fuel consumption.
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