Billionaire Andrew "Twiggy" Forrest has warned Australia has a year to aggressively incentivise the renewable hydrogen industry, as the United States and Europe have, or risk losing its natural competitive advantage.
The global battle for talent, technology and investment has shifted rapidly towards the United States since it passed a US$500 billion stimulus package in August focused on renewable energy, he said.
Subsequent action from Europe and others has left Australia at risk of missing the bus.
