Israeli cabinet approves 25% cut in gas emissions

Air pollution  photo: Reuters

The plan to slash greehouse gas emissions by 2030 will cost NIS 800 million.

The Israeli cabinet today approved the plan formulated by the Ministry of Environmental Protection to slash emissions of greenhouse gases by 25% by 2030. The estimated cost of the plan is NIS 500 million to be provided by the Ministry of Finance, plus NIS 300 million to be invested over the next four years on energy conservation in the economy.

As part of the plan, the volume of greenhouse gas emissions will be reduced, while electricity production from renewable energy sources will be expanded substantially, and the use of private vehicles will be cut by 20% by encouraging the transition to mass transit systems based on buses and railways. Israel will present its plan for reducing emissions to the UN by the end of the month, ahead of the climate conference scheduled in November in Paris.

The Ministry of Environmental Protection said that implementation of the plan would save the economy NIS 100 billion, while reducing costs for the state, saving on consumption of electricity and fuel, developing the clean-tech industry, reducing disease caused by the public's exposure to pollution, etc.

Published by Globes [online], Israel business news - www.globes-online.com - on September 20, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

Air pollution  photo: Reuters
Air pollution photo: Reuters
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