JERUSALEM, Aug. 4 (Xinhua) -- Israel has launched a national plan worth 300 million shekels (87.9 million U.S. dollars) aimed at enhancing energy efficiency and reducing greenhouse gas emissions in the industrial sector, the country's ministries of energy, economy, and environmental protection said in a joint statement on Monday.
According to the statement, the program represents a strategic effort to modernize industrial operations, reduce energy costs, and enhance Israel's ability to meet global environmental standards.
The initiative will fund projects that either convert existing fuel systems to electricity, hydrogen, or natural gas or reduce overall fuel and electricity consumption through efficiency improvements. It will encourage the replacement of outdated, energy-intensive systems with newer, cost-effective alternatives in areas such as air conditioning, heat pumps, compressed air systems, and resource management.
The plan is expected to accelerate the electrification of polluting production processes, promote innovation, and enhance the competitiveness of Israeli industry.
Beyond economic benefits, the initiative is also a key part of Israel's response to the climate crisis, aimed at reducing emissions and enhancing the economy's long-term resilience.
The ministries noted that by supporting both environmental goals and industrial modernization, it is intended to help Israeli businesses adapt to new climate policies while maintaining a competitive edge in global markets.
