The Minister of ecology of Israel AVI Gabay welcomed the Paris Convention for the fight against global warming and stated that the Israeli leadership would ratify the agreement in its final form.
AVI Gabay said that the agreement demonstrated the commitment of global community to combat climate change.
According to him, the Convention opens the possibility for investment in the development of the industry of alternative energy sources, and Israel could become one of the leaders in the development of new technologies.
Gabay added that the Israeli government has set targets for the reduction in the use of coal in favor of renewable energy, and expressed hope for consistent actions to achieve these goals.
In the framework of the Convention 195 countries expressed willingness to take action to limit global warming to two degrees. The agreement provides for the allocation of one hundred billion dollars a year to developing countries for financing environmental projects.