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Environment

Jennifer Dudley-Nicholson

Power shift: Australia could cut fossil fuel shocks

Australia Renewable Energy Oil

Electrification and low-carbon liquid fuels could help reduce Australia's reliance on imported fuel. (Dean Lewins/AAP PHOTOS)

Australia could avoid future price shocks and slash its reliance on imported fuel by investing in two renewable energy technologies, a report has found.

But drilling for oil would do little to relieve the nation's reliance on imports, it said, due to scarce resources and long production timelines.

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