Countries that don’t emulate the US and provide financial incentives to kick-start renewable energy projects risk missing out on billions of dollars of investment, the global boss of UK-listed engineering group John Wood has warned.
“There are a lot of governments out there really worried about not being aggressive enough on the journey and getting left behind from an investment standpoint,” chief executive Ken Gilmartin told The Australian Financial Review during a trip to Sydney.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
