Israeli government on Sunday (April 10) unanimously approved “The GHG and Energy Plan”, a new national programme to cut carbon emissions and improve energy efficiency.
This latest resolution represents a step to follow the Israeli commitment last December at COP21 in Paris , which is to reduce emissions by 26%, compared to 2005 levels, by 2030.
The previous National Plan for the reduction of GHG Emissions of 2010, aiming at reducing emissions of 20% by 2020, was frozen in 2013, while only yet funded mitigation programmes continued to be addressed.
According to an official note, the newly adopted long-term programme will affect the entire market, intervening in a variety of pollution sources: electricity production, energy consumption in industry and in buildings, transportation, and other sectors.
With this decision, the government establishes an allocation of NIS 500 million (USD 132.8 million) loans for companies which want to invest in energy efficiency, and NIS 300 million (USD 79.6 million) grants for companies and local government authorities that want to invest in energy efficiency projects.
Moreover, it opens possibilities of developing ways to reduce coal use and improve the transportation sector efficiency.
The expected benefits are not only pollution air reduction and new jobs, but also Israel’s cleantech industry development, higher economic competitiveness, energy security and lower energy expenditures.
It is estimated a benefit of USD8 billion for Israeli economy from this development, Reuters reports.
(Image: Tel Aviv skyline, December 2009. Photo credit: Yevgeniy Shpika/Flickr )