Israel S New Motor Fuels Strategy Leans On Natural Gas
By Ari RabinovitchTEL AVIV (Reuters) - Israel plans to cut oil use in transportation by 60 percent by 2025, an aggressive target by world standards, and will tap into its newfound natural gas deposits to make it happen.It is also investing heavily to help start-ups developing battery and biofuel technologies, and is offering an annual $1 million prize to innovators in the field, almost on par with winning a Nobel.“The intent is to make Israel a power center that has knowledge and industry in the field, and from there to serve as a catalyst for the rest of the world in making the switch,” said Eyal Rosner, pointman for the project in Prime Minister Benjamin Netanyahu’s office....