Israeli energy market
The Israeli energy market has undergone significant changes in recent years, primarily due to the discovery of natural gas reserves in the Leviathan and Tamar fields. These discoveries have shifted Israel from a state of energy dependence to becoming a potential energy exporter in the region. The government has encouraged investment in renewable energy sources, aiming to diversify its energy portfolio and reduce reliance on fossil fuels.
Israel's energy sector is regulated by the Ministry of Energy, which oversees policies and initiatives to promote sustainability and energy efficiency. The country has set ambitious goals for renewable energy, targeting 30% of its electricity generation from sources like solar and wind by 2030. This transition reflects a broader commitment to environmental sustainability and energy independence.