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Israel to spend NIS 2.2b to reduce greenhouse gas emissions by 20%

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Saturday, December 4th, 2010

As reported in Port2Port: The Israeli cabinet will vote to reduce greenhouse gas emissions by 2020.NIS 144 million will be invested in reducing electricity consumption in the private sector and local authorities
 
The Israeli cabinet will vote on a NIS 2.2 billion plan to reduce Israel’s greenhouse gas emissions by 20% by 2020. Israelhad committed itself to the reduction of carbon dioxide emissions by 20% by 2020 at the UN Climate Change Conference in December 2009 in Copenhagen.
 
NIS 269 million will be aimed at reducing private sector electricity consumption by providing citizens with incentives to dispose of old, inefficient refrigerators and air conditioners. 
 
Another NIS 144 million will be invested in reducing electricity consumption in the private sector and in local authorities. Another NIS 39 million will be devoted for a pilot program on environmentally-friendly construction. 
 
Some NIS 46 million will be spent on education and encouraging electricity savings, and another NIS 40 million for implementing new Israeli technologies for reducing emissions. The Ministry of National Infrastructures; the Ministry of Environmental Protection; the Ministry of Housing and Construction; the Ministry of Transport; the Ministry of Industry, Trade and Labor; and the Ministry of Finance will be responsible for the plan. 
 
The proposed plan will reduce greenhouse gas emissions by the equivalent of 13 million tons of carbon dioxide a year by 2020, which is 60% of the target. Another 12% will come from further steps including additional recycling programs, with an additional 2.6 million-ton reduction.