Finance Ministry officials have announced that investments in Israel’s environmentally friendly, or “green” industries have tripled in the past three years. According to ministry official Yarom Ariav, approximately NIS 100 million was invested in green industry in 2007.
Given Israel’s success in hi-tech, Ariav said, the country could become an international leader in the green technology field as well. He called on the government to do more to support environmentally-friendly technology by creating a long-term plan for encouraging green industry and by giving priority to green businesses for government affairs.