In a bold move, the Israeli cabinet voted today today in favor of a national plan to reduce the use of oil for transportation. The commitment is to invest NIS 1.5 billion to reduce the global dependency on oil and oil-producing countries, which cause instability and harm the environment. The effort will be a broad cross-government initiative that involves the cooperation between all relevant Government bodies that include the ministries of Industry, Trade and Labor; National Infrastructures; Finance; Defense; Environmental Protection; Science and Technology; Transportation and Road Safety; Agriculture and Rural Development. The decision is promoted as a strategic goal for a more stable world, and an economic move to bolster science and technological capabilities in the country.
It’s great to see such an initiative that ties national capacity with global stability, and that involves such a cross-section of federal agencies. Instead of dependence on foreign fuel sources, the initiative could have positive impacts on the economy should discoveries lead to global interest and exports.