The Ministries of Environmental Protection, Economy and Industry and Energy are currently announcing the launch of the fourth allocation of the grants program for energy efficiency and greenhouse gas reduction, which will provide NIS 69 million for projects that will 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% of the project costs and no more than NIS 3 million, 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 and machinery. Various production. 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 Environmental Protection, the Ministry of Energy and the Ministry of Economy. The route will be budgeted as part of Government Resolution 542 (“Reducing Greenhouse Gas Emissions and Streamlining 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 program are about NIS 300 million. The grants are expected to leverage investments in the coming years at 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 2017-2019 three additional rounds were carried out in the framework of which grants in the amount of NIS 222 million were already given to 276 projects.
These projects are expected to lead to annual savings of about NIS 283 million per year, which is about 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, which received an increased grant and ensured continued production. And activities of young companies.
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