18 Jul '11, 12pm

Israel votes through 10 per cent renewable targets + multi-billion investment via @BusinessGreen #israel #cleantech

Israel has become the latest country to announce ambitious renewable energy targets, after the cabinet yesterday voted through a package of measures designed to ensure the country generates a tenth of its energy from renewable sources by 2020. The government said the plan would result in over $5bn of investment and deliver 1,550MW of renewable electricity capacity by the end of 2014 and 2,760MW by 2020. "I am proud that the government decided in favor of committing to the gradual production of energy from clean renewable sources," said environmental protection minister Gilad Erdan in a statement reported by The Jerusalem Post . "The decision will contribute to the reduction of air pollution, to the reduction of dependence on foreign energy sources, and will develop Israeli industry and technology, creating thousands of jobs in the periphery." The new strategy is based on a...

Full article: http://www.businessgreen.com/bg/news/2094723/israel-votes...

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