Israeli tech companies urged to dive into burgeoning carbon credit markets

Huge sums of money will become available worldwide for technology that can remove carbon dioxide from the atmosphere, and it’s not too late for Israeli companies to jump in, the second annual carbon conference heard last week.

The carbon removal market is heading toward $1 trillion, Matthias Honegger, head of Carbon Dioxide Removals at the German climate advisory company Perspectives Climate Research, told the Tel Aviv confab, organized by ClimateNet, a nonprofit organization established last year by environmentalists Maya Jacobs and Victor Weiss.

“The carbon markets tide is coming,” he said. “And yet most countries are still asleep at the wheel. Israel is not late. Even though Europe, the US, and other countries are moving, this is still very early days. And this is the time to act.” READ MORE