12 Having passed the State budget – after years of paralysis – the current government has advocated for green investments in the agricultural sector and electric vehicles. Regarding the agricultural field the government has proposed to invest over NIS 2 billion in promoting innovation and productivity in the agricultural sector. In electric vehicles the government will invest heavily in the required infrastructure as part of the exit strategy after the Corona crisis. Compulsory installation of electric chargers in certain new buildings is part of this initiative. Precision agriculture is another good example of an area in which software is poised to unlock decarbonization and economic value creation. Agriculture is a major driver of climate change, accounting for between up to a quarter of the world’s greenhouse gas emissions. Making agriculture more sustainable is therefore essential to decarbonizing our world. To meet the dietary needs of a growing population, the food and agriculture industry is adopting new production and distribution technologies. Sustainable agriculture businesses have spurred investor appetite, attracting larger rounds of financing – growing capital investment to a projected USD 9.4 billion in 2021. The success of Beyond Meat and Impossible Foods shows that there is consumer demand for plant-based meat alternatives while also lessening the reliance on livestock which has several negative climate impacts including harmful emissions, detrimental water practices and disruptive land management. There was also a USD 105 million investment in cultivated meat start-up Aleph Farms (in which actor and environmental activist Leonardo DiCaprio participated). Israeli food tech startup Redefine Meat has announced plans to commercially launch its plant-based alternative meat products in the UK and elsewhere in Europe by the end of the year, and is expecting to reach the United States and Asia in 2022. Israeli developer Future Meat Technologies has found a way to mass-produce its own labgrown meat in a way that makes cultured meat. Precision Agriculture, Food and Cultivated Meat
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