Israel Electric Financial and Sector Reform Update
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
32View entire presentation