NIS 69 million will be allocated to projects that will reduce energy and pollution expenditures

0
4


The Ministries of Economy and Industry, Environmental Protection and Energy are currently announcing the launch of the fourth allocation of the Energy Efficiency and Greenhouse Gas Reduction Grants Program, which will provide NIS 69 million for projects that reduce energy and pollution costs from factories, businesses and local authorities.

Under the program, grants will be distributed, at a rate of up to 20% and no more than NIS 3 million project costs, for replacing old, wasteful and expensive technologies with new and cost-effective systems in various fields, such as: indoor and outdoor lighting, air conditioning, heat pumps, compressed air systems, machines In various production processes and more. In addition, an additional grant of up to NIS 3 million will be given to projects that will incorporate new Israeli technologies in the areas of energy efficiency and greenhouse gas reduction.

This is a collaboration between the Ministry of Economy and Industry, the Ministry of Environmental Protection, the Ministry of Energy and the Ministry of Finance. The route will be budgeted as part of Government Resolution 542 (“Reducing Greenhouse Gas Emissions and Optimizing Energy Consumption in the Economy”) and Government Resolution No. 1403 (“National Plan for Implementing Targets for Reducing Greenhouse Gas Emissions and Energy Efficiency”).

The total grants for the four-year plan are about NIS 300 million, which are expected in the coming years to leverage investments of an estimated NIS 1.5 billion in energy efficiency and reduction of greenhouse gas emissions and air pollution.

This allocation of grants, as stated, is the fourth and last in number, when in the years 2017-19 three additional rounds were implemented in the framework of which grants in the amount of NIS 222 million were already given to 276 projects, which are expected to lead to annual savings of NIS 283 million per year. 524 million kWh or about 1.23% of Israel’s annual electricity consumption. In addition, 18 projects were approved for the installation of innovative Israeli technologies that received an increased grant and ensured the continued production and activity of young companies.

The Minister of Economy and Industry, Amir Peretz, said: “I have always said that in every difficult time, there is room for opportunity. The government funding project to reduce gas emissions and move to clean energy for companies is an opportunity. Opportunity to make polluting companies cleaner, more efficient and profitable and improve air pollution in Israel and thus save lives. I would like to thank the Ministries of Finance, Environment and Energy who joined hands with us for this important goal for both companies and the general public. “

Energy Minister Yuval Steinitz said: “In line with the policy I outlined, of reducing air pollution from the energy sector in Israel, we are pleased to announce today an additional incentive package for energy efficiency and electricity savings in the business sector and local authorities. Since I took office in 2015, air pollution from 20 power plants in Israel has been reduced by about 60%! “Energy efficiency, along with the replacement of coal and diesel with natural gas and solar energy, will help continue the trend of reducing air pollution in Israel in the coming years as well.”

Minister of Environmental Protection Gila Gamliel added: “We are implementing the fourth allocation in the grants program, which is intended to incentivize investments to optimize energy consumption and reduce pollution of factories, businesses and authorities. This program will result in financial savings of millions of shekels a year in spending on fuel and electricity, while prioritizing support for small and medium-sized businesses and low-socio-economic authorities. “This plan demonstrates the close connection between the environment, the economy and society, and we will continue to promote this policy as outlined in the ‘Green Deal’ plan for green growth of the economy.”

Illustration. Credit: pixabay







Source link by https://www.mivzaklive.co.il/archives/377279

*The article has been translated based on the content of Source link by https://www.mivzaklive.co.il/archives/377279
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

LEAVE A REPLY

Please enter your comment!
Please enter your name here