(MENAFN- Trend News Agency)
Israel's Ministry of Environmental Protection announced on
Sunday that the country will invest 3 billion shekels (about 880
million U.S. dollars) to facilitate innovation in climate
technologies, Trend reports citing Xinhua .
The decision is aimed at accelerating innovation in Israel's
climate tech ecosystem to support Israel's efforts to address the
climate issue, according to the ministry.
Major quantitative goals to support climate innovation stated in
the decision are expected to be met by 2026.
These goals include the doubling of climate tech applied
studies, patents, startup companies, and pilot projects carried out
on state infrastructure, increasing the number of fundraising deals
and Israeli venture capital funds specializing in climate
technologies, and the promotion of joint research with other
countries.
The plan also includes the use of satellites to monitor climate
change and environmental hazards, and the establishment of a
technology incubator to promote projects, according to the
ministry.
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