Coastal erosion at Terrigal Beach on the NSW Central Coast in June 2020. Photo: Darren Pateman/AAP PHOTOS

More than $1 billion will be pumped into producing low-emission fuels in a bid by the federal government to help heavy industries across the nation curb their carbon pollution.

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The spending promise comes as a former defence chief warns runaway climate change could cause a millions-strong influx of regional climate refugees into Australia as areas become unliveable.

Labor is preparing to unveil its 2035 emissions-reduction target, a key milestone on the way to net zero carbon e

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