Can climate innovation be a growth engine for the Israeli economy?

Can climate innovation be a growth engine for the Israeli economy?

A summary conference “COP 28 – the road to COP 29 in Baku” was held today (Thursday) at the Ministry of Foreign Affairs, in cooperation with the Ministry of Environmental Protection, with the aim of gathering past insights and lessons for the future. The conference was held with the participation of experts and senior officials from government ministries, the business sector and civil society.

In addition, the issues of Israel's adherence to the climate goals it has set for itself in recent years and how climate innovation can be a growth engine for the Israeli economy came up for discussion. J. Tyndall, Head of the Environment Directorate at the OECD, was the main speaker at the conference and presented from the organization's headquarters in Paris the organization's activities in the fight against the climate crisis and the ways in which the organization works with countries to help them meet the climate goals.

Yael Rabia-Zadok, head of the Department of Economics at the Ministry of Foreign Affairs emphasized in her words the three goals of the Ministry of Foreign Affairs' climate diplomat: to bring to Israel knowledge from the world, to strengthen Israel's international and regional position and climate innovation as a growth engine for the economy. “In our ability to establish Israel's international position as a laboratory of climate innovation, as a growth engine for the Israeli economy through the development of markets and economic opportunities in response to challenges such as carbon sequestration and fixation, water security, energy security, food security and animal protein substitutes, health challenges, assimilation of technologies in the region The urban and more”.

Photo: Ministry of Foreign Affairs
Summary conference "COP 28 – the road to COP 29 in Baku"
Photo: Ministry of Foreign Affairs

Climate innovation can help deal with climate change and global warming. Technological innovation can help develop alternative technologies for polluting fuels, more efficient methods for producing renewable energy, and solutions for reducing greenhouse gas emissions.

In addition, new climate technologies can create a future economy: the development of green technologies and innovative solutions to climate challenges can create new business opportunities, green employment and sustainable economic growth, innovative solutions can help save resources such as water, energy and raw materials, which will reduce pressure on the environment .

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