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With many nations looking for ways to reduce the gas price hike that has afflicted much of our planet, it looks as if the United States is teaming up with Israel in order to explore new ways to produce clean, green energy.
(Globes Online) The US Senate has approved cooperation with Israel in clean energy - the U.S.-Israel Energy Cooperation Act - as part of the Energy Independence and Security Act of 2007. [...]
Israeli sources in Washington predict $20 million in allocations a year over the next five years for joint US-Israeli energy projects. The US Department of Energy and Israel's Ministry of National Infrastructures will formulate an agreement and settle related issues.
The Energy Independence Act includes financing grants for the production of energy from biofuel, biomass, wind, ocean waves, and geothermal sources. Projects will include joint basic research between US and Israeli academic institutions and applied research projects between companies from both countries.
This new bill (which will probably be signed into law, if not already) may help the US and Israel to finally gain their energy independence upon foreign oil.
Israel already has the lead when it comes to developing clean technology, which includes everything from turning fungus and cow manure into energy to building better solar houses to even recycling nuclear waste into energy.
With the help of US funding, America and Israel may not only be able to help themselves become energy independent by relying upon cleaner technologies, but also half of our planet as well.
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