Israel is looking for ways to increase the penetration of Renewable Energy Sources into domestic energy consumption, seeking to accelerate its plans to reduce greenhouse gas emissions.
One of the issues, however, that Jerusalem has to face is the lack of space for the development of RES projects in its territory, although the country’s solar potential is rich. The densely populated areas of the country make it difficult for the Naftali Bennett government to achieve climate neutrality by 2050 as it is not easy to build photovoltaic parks in Israel.
According to a Bloomberg report, the director general of the Prime Minister’ office Yair Pines announced that Israel is in talks for possible joint projects in Jordan, Greece, Cyprus, and other countries. The progress of these projects of course depends on the development of appropriate transportation and storage systems.
According to OT.gr sources, the Athens-Jerusalem talks on the development of joint projects between Israeli and Greek companies in Greece, acquired substance after the signing of the memorandum between Greece – Cyprus – Israel on the underwater electricity interconnection of the three countries. It is recalled that a relevant agreement has been signed between Greece and Egypt.
From vision to reality
According to Bloomberg, Pines noted in statements that Israel will provide technological know-how to partners. “Our neighbors have a lot of open land, something we do not have. We have the technology,” Pines said in an interview in Jerusalem. “It makes sense for this vision to become a reality in the coming years.”
Israel announced last month its strategic plan for zero carbon emissions by 2050, and Prime Minister Naftali Bennett has promised to develop green infrastructure as well as carbon capture and storage technology to help meet those goals. After years of slow progress in renewable energy, Israel now aims to triple production to 30% of electricity consumption by the end of the decade.
To achieve this goal, Bennett instructed officials to identify and remove regulatory barriers to start-ups working on environmentally friendly technology. The government will also allow companies to use national infrastructure, such as military bases and hospitals, as testing grounds for their technology, with the aim of accelerating growth.
The Israeli government, according to Bloomberg, is also considering helping green tech companies struggling to raise funding by matching investment plans with other countries or leveraging ties with big investors such as The Bill & Melinda Gates Foundation.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
![Τραμπ: ΕΚΤ και FED αναζητούν Πυθία για τα επιτόκια μετά τους δασμούς [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/ot_trump_tariffs225-600x352.png)
