Israeli Economy to Gain $181Mil Per Year with Solar

israel_solar.jpgIn a recent study, Eco Energy reports that Israel stands to reap as much as $2 Billion in economic gains over 10 years by investing heavily in solar energy.

The report says most of the benefit to the economy will come from avoiding carbon dioxide emissions and other pollutants, saving electricity transportation costs, and savings in foreign currency, since solar energy does not use imported fuel to produce power.

The report bases its calculations on the installation of 2,500 Megawatts by 2025. (source – Globes Israel)

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.