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Investor Presentaiton

State of Israel's Commitments on Climate 100 Action Items Just before COP26, the government released a "100 Action Items" plan to develop technologies aimed at reducing CO2 emissions and preparation for climate change with the cooperation of 14 ministries O המשרד להגנת הסביבה Absolute Targets חברת החשמל Israel Electric • State of Israel's goal is to reduce absolute greenhouse gas emissions: By 27% by 2030, from 2015 levels • By 85% by 2050, from 2015 levels Renewable Power Targets • The Minister of Energy announced to phase-out coal-fired power generation no later than 2026 and determined targets for a renewable power generation share of 20% in 2025 and 30% in 2030. IEC will continue to develop the electricity network system in order to enable renewable energy absorption and to achieve the 2030 target • Israel signed the COP26 pledge to phase-out from coal by 2030 for major economies (2040 for the rest) and end investments in new coal power generation plants الوزارة لحماية البيئة Israel Ministry of Environmental Protection Sectoral Targets for Electricity The electricity/heat sector make up approx. 45% of Israel's total emissions (latest data 2019) • State of Israel has a sectoral target to reduce greenhouse gas emissions from electricity generation (IEC & IPP's): By 30% by 2030, from 2015 levels (37.4 MtCO2eq) By 85% at least by 2050, from 2015 levels (37.4 MtCO2eq) Source: Report of greenhouse gas emissions in Israel - Annual Tracking regarding the implementation of the National Program and Goals to reduce greenhouse gas emissions and the commitment of Israel to the climate trust, The Ministry of Environmental protection May 2021; government decision number 171 dated July 25, 2021 "Transition to low carbon economy"; Emissions report of air pollutants from fuel burning, according to fuel consumer, The Israeli Central Bureau of Statistics Investor Relations 32 32
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