Approved by the government: NIS 3 billion for advancing technologies that will deal with the climate crisis
The government has approved a historic investment aimed at speeding up the fight against the climate crisis.
Minister of Innovation, Orit Farkash HaCohen: "The way to deal with climate challenges is through the use of technology and the harnessing of innovation and Israeli high-tech"
Yinon Ben Shoshan
26/06/2022
Sunday, 26 June 2022, 13:11 Updated: 13:42
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Firefighters extinguish fire in Jerusalem mountains (Photo: GettyImages)
This morning (Sunday), the government approved an investment of NIS 3 billion by 2026 to accelerate the ecosystem innovation in climate (climate-tech) technologies in Israel and to mobilize technologies to help meet Israel's goals around the climate crisis.
This is based on the relative advantages of Israeli technological innovation, and with the help of creating relative advantages in the business-regulatory environment in Israel.
The staff work was initiated by the Minister of Innovation, Orit Farkash HaCohen, the Minister of Energy, Karin Elharar, and the Minister of Environmental Protection, Tamar Zandberg.
The government decision will include significant quantitative targets to encourage climate innovation, including: doubling the number of applied studies in the field of climate tech;
Doubling the number of patents in the field;
Doubling the number of new start-ups established each year from 55 to 110 in 2026;
Increasing the number of pilot projects carried out on state infrastructure per year from 35 to 70 in 2026.
In addition, the number of significant fundraisers per year (over $ 10 million) is expected to increase from 20 in 2021 to 50 in 2026;
Establishment of 10 Israeli venture capital funds specializing in climate technologies by 2026 (compared to 1 today);
Doubling the number of foreign venture capital funds active in Israel specializing in climate technologies (will carry out at least one transaction on average per year) from 20 in 2021 to 40 in 2026;
And more.
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Minister of Innovation, Orit Farkash HaCohen (Photo: Reuven Castro)
"The way to meet the climate challenges and meet the goals set by the government is through the use of technology and harnessing innovation and Israeli high-tech," said Minister of Innovation, Science and Technology, Orit Farkash HaCohen, adding: "Climate, agrotech and energy. The government's decision will strengthen these areas."
Minister of Environmental Protection Tamar Zandberg: "The climate crisis is the most significant risk facing humanity. At the same time, it is also a tremendous opportunity for the current generation to produce the solutions to deal with it, also for future generations. As it begins to be clear to everyone, beyond An opportunity for the growth of innovative Israeli technology. "
Karin Elharar, Minister of Energy: "We in the Ministry of Energy, together with our partners in the government, understand that the way to meet the challenging goals of the energy sector is through innovative technology. While it is estimated that 45% "Academic development, it is clear to us that the technology for meeting the goals by 2030 is already here and only by collaborating between the ministries of the various regulators and creating platforms that enable the adoption of innovation, will we meet the goal."
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