Though Israel is a small country with limited natural resources, it stands out as one of the most competitive economies. The country’s market economy can be characterized as advanced technology based and globally oriented. In recent years Israel has been focusing on CleanTech and there are now more than 600 companies in Israel that can be defined as specializing in the CleanTech field.
Technologies such as wind, solar, biomass, geothermal, and small hydro now provide hundreds of gigawatts of electricity generating capacity. Subsequently renewable energy markets have been growing robustly. According to the forecasts the market capacity may at least double itself within a relatively short period of time. The steep rise in air pollution and oil prices has spurred the development of energy alternatives that will reduce dependency on expensive, environment-polluting oils. Israel must keep abreast with the developed countries and increase its use of renewable energies.
In recent years there has been a growing awareness of “green construction,” that is, building that provides a higher quality of life and healthier environment by cutting back on the overall bad effects on the environment from the process of construction and building use.
Gas demand, which is rising at a slightly faster rate than oil, is currently being driven by rapid growth as a fuel for clean and efficient electric power generation. As with oil, gas resource additions have exceeded demand for most of the last century. Much of this supply was discovered between roughly 1960 to about 1980. This was driven by major discoveries in Russia, the Middle East, the Netherlands and Indonesia. Israel has begun setting up a natural gas system to provide this energy source to industrial plants and national and privately owned power stations throughout the country.
Waste and Recycling
Recycling is an economic development tool as well as an environmental tool. Reuse, recycling, and waste reduction offer direct development opportunities for communities. According to different sources the worldwide recycling industry employs the skills of more than 1.5 million employees as well as using a great armory of sophisticated machinery. With a total annual turnover exceeding US$ 160 billion, it is also a capital-intensive business. Annual investments and R&D in the recycling industry amount to around US$ 20 billion. Each year, the global recycling industry processes more than 600 million tonnes of commodities such as ferrous and nonferrous metals, paper, plastics, textiles, glass, tyres and much more.
The contamination of the air we breathe is the curse of the developed countries. Special factors in Israel, such as population density, the continuous rise in the standard of living, and meteorological conditions exacerbate the problem. Unfortunately Israel lags far behind the first world in the treatment of air pollution and the effects that can cause disease and suffering.
For more information, please contact-
Pearlini Wathore, Trade Officer, Israel Trade and Economic Mission, Mumbai