{"id":5643,"date":"2024-12-04T13:14:34","date_gmt":"2024-12-04T11:14:34","guid":{"rendered":"https:\/\/adamteva.org.il\/?post_type=news_and_updates&p=5643"},"modified":"2024-12-23T15:04:13","modified_gmt":"2024-12-23T13:04:13","slug":"government-cuts-funding-allocation-from-the-citizens-wealth-fund","status":"publish","type":"news_and_updates","link":"https:\/\/adamteva.org.il\/en\/news_and_updates\/government-cuts-funding-allocation-from-the-citizens-wealth-fund\/","title":{"rendered":"Government cuts Citizens\u2019 Wealth Fund support for renewable energy, undermining one of the fund’s core goals"},"content":{"rendered":"\n

The reduced allocation from the Citizens\u2019 Wealth Fund for renewable energy projects in the Negev is only 10 million, out of NIS 190 million anticipated for 2025.<\/p>\n\n\n\n

Adam Teva V’Din attorney Meirav Abadi, who led our High Court of Justice petition on the Israel Citizens’ Wealth Fund<\/a>, reminds us that, \u201cThe fund was envisioned as a mechanism to ensure that the profits from natural gas extraction benefit its citizens. Reducing the allocation for renewable energy development and job creation in underserved regions like the Negev undermines the law\u2019s goals.\u201d<\/p>\n\n\n\n

\n

Executive Director Amit Bracha adds, \u201cWithout meaningful investments in renewable energy and sustainable employment, Israel risks squandering its natural resource wealth. Adam Teva V’Din calls on the government to meet its legal and moral obligations to future-proof Israel\u2019s economy and environment \u00ac\u2013 especially with the urgent need for post-war renewal and rebuilding in southern Israel.\u201d<\/p>\n<\/div>

\"Attorney<\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"

The allocation of only NIS 10 million for renewable energy projects in the Negev undermines the intent of the Citizens\u2019 Wealth Fund.<\/p>\n","protected":false},"featured_media":4516,"template":"","meta":{"_acf_changed":false},"categories":[62],"tags":[91,86,76,123],"class_list":["post-5643","news_and_updates","type-news_and_updates","status-publish","has-post-thumbnail","hentry","category-news","tag-energy","tag-litigation","tag-natural-resources","tag-watchdog"],"acf":[],"yoast_head":"\nGovernment cuts Citizens\u2019 Wealth Fund support for renewable energy, undermining one of the fund's core goals - \u05d0\u05d3\u05dd \u05d8\u05d1\u05e2 \u05d5\u05d3\u05d9\u05df<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/adamteva.org.il\/en\/news_and_updates\/government-cuts-funding-allocation-from-the-citizens-wealth-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government cuts Citizens\u2019 Wealth Fund support for renewable energy, undermining one of the fund's core goals - 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