In the Israeli Economic Review 2021, the Bank of Israel devoted a separate chapter to the state of the Israeli energy system and the reality of Israel’s commitment to reduce carbon emissions.
According to the central bank, of the main “renewable” energy sources that can replace carbon fuels (coal, oil, gas), Israel has only the sun, but even for its use in the required amount, the country does not have enough space.
In addition, the rate of population growth and economic growth requires a constant increase in the amount of electricity generated. Another problem is the inability to connect to the power grids of other countries.
Given all these challenges, the commitment to achieve carbon neutrality by 2050 is unrealistic without the construction of a nuclear power plant, say Bank analysts.