Israel to cut carbon emissions, sees $8 billion economic boost

Israel's cabinet on Sunday unanimously approved a plan for reducing greenhouse gases and increasing energy efficiency to benefit the economy. Government officials expect the cumulative benefit to Israel's economy would reach more than 30 billion shekels ($8 billion), the finance, energy, environment and economy ministries said in a statement. "We intend to continue to invest in resources as needed to further reduce air pollution and greenhouse gas emissions," Finance Minister Moshe Kahlon said.