Israel approves multi-million energy reform plan
Jerusalem, Israel (AHN) – In an attempt to cut global dependency on oil over the next decade, Israel has approved a $408 million inter-ministerial plan to develop technologies, which can prevent economic instability and environment as well.
A statement from the Prime Minister’s Office said that the government would also work to raise funds from external sources. The statement added that the comprehensive plan would bring together ministries of Defense, Finance, Industry, Trade and Labor, Science and Technology, Environmental Protection, Transportation and Road Safety, National Infrastructures, Agriculture and Rural Development, under one roof.
“I view this as a national and strategic goal of the State of Israel,” Prime Minister Benjamin Netanyahu said at Sunday’s cabinet session. “Oil addiction has led to the Western world’s dependence on the oil countries, and significantly damages the environment,” the premier added. “Although Israel is physically a small country, we are great in science and research … the intention is to harness strong research, scientific and technological forces and link them with other bodies so that Israel will be the leader, the catalyst in research in this field,” said Netanyahu.
Talking to reporters, Industry, Trade and Labor Minister Shalom Simhon said that the plan utilized Israel’s scientific and technological capabilities in order to implement a strategic goal on both the national and global levels.
Earlier, United States President Barack Obama emphasized on the requirement for smarter energy policies during his address at the State of the Union last week. He had said that the time had come for the world to start looking for cleaner alternatives to oil.
Meanwhile, Israeli companies have already started partnershios with growing economies India and China to push alternative energy projects.
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