On the occasion of the 6th German-Israeli Intergovernmental Consultations, Federal Minister Sigmar Gabriel today met with his counterpart Yuval Steinitz. They discussed further opportunities for cooperation. Both countries aim to considerably increase the share of in the energy supply and to improve .
Minister Gabriel said: "I am pleased that Israel is also making efforts to create a sustainable basis for its energy supply by expanding its renewable energies and improving energy efficiency. In this context, we are offering our help and advice to Israel in view of our wealth of experience with the German energy transition. I also see a large potential for cooperation at company level. Both sides have highly innovative technology firms in these areas."
Against this background, Federal Minister Gabriel and his counterpart Yuval Steinitz signed a protocol on closer energy cooperation both at government level and between energy companies and energy research institutions. In 2012, the German-Israeli Renewable Energy Committee (GIREC) was established to serve as a platform for enterprises.
Apart from renewables, high technologies and cybersecurity are also fields that offer particularly great opportunities for cooperation. Germany ranks fourth in terms of imports to Israel. In 2014, German companies exported goods worth around 4 billion euros to Israel and imported Israeli products worth 1.6 billion euros.