Jerusalem [Israel], June 27 (ANI/Xinhua): Israel's Ministry of Environmental Protection announced on Sunday that the country will invest 3 billion shekels (about 880 million U.S. dollars) to facilitate innovation in climate technologies.

The decision is aimed at accelerating innovation in Israel's climate tech ecosystem to support Israel's efforts to address the climate issue, according to the ministry.

Also Read | Nepal Cholera Outbreak: Kathmandu Puts Ban on Panipuri.

Major quantitative goals to support climate innovation stated in the decision are expected to be met by 2026.

These goals include the doubling of climate tech applied studies, patents, startup companies, and pilot projects carried out on state infrastructure, increasing the number of fundraising deals and Israeli venture capital funds specializing in climate technologies, and the promotion of joint research with other countries.

Also Read | South Africa Shocker: 17 People Found Dead in Nightclub in Sourtheastern City; Police Begins Probe.

The plan also includes the use of satellites to monitor climate change and environmental hazards, and the establishment of a technology incubator to promote projects, according to the ministry. (ANI/Xinhua)

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)