With the Democratic National Convention in full swing, expect much attention focused on alternative energy, Cleantech and environmental issues. After all, House Speaker Pelosi has mentioned that her goal is to save the planet and Al Gore will show up and do his usual speech on how global warming will destroy the planet if we don’t do anything ASAP. I don’t want my cynicism to show through but have the DNC and Obama’s organizers taken any measures to ensure that this convention is environmentally friendly? How much energy is being used to run the event? Just asking.

Anyway, a great article out in the Jpost today about how Israel is on the way to being a world leader in Cleantech. While Shai Agassi’s electric car initiative has gained many headlines around the world, Israel is also very quietly making strong inroads, in solar and water technologies. The article focuses on how Israel is developing the technology for the purpose of letting larger nations do the implementation. Much like the current technological revolution, Israel has been behind many of the advances that have powered us forward. The view is that Cleantech will be Israel’s next boom industry as technologies will be developed that power a move away from crude oil towards alternative energy sources.

The article quotes Isaac Berzin, an expert in using algae to curb greenhouse gases: “Israel should be a world leader - creating the solutions the world is looking for. Investments are coming to Israel [as a result] and lots of jobs are created. Let’s say you develop a major solar technology, which is cost effective etc. What’s the demand for electricity in Israel? A small fraction of world demand. If your only output is Israel then you are in trouble. Hi-tech was great for Israel. Where were the markets? Out there, which is absolutely fine.”

It’s interesting that the one thing Israel lacks is natural resources. The one thing Israel has loads of is brainpower, ingenuity and entrepreneurship. Isn’t it ironic that Israel is using its’ main resource to try and level the economic playing field by developing technology that will greatly lessen the need for natural resources.

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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.

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Aaron Katsman
www.IsraelNewsletter.com

Do you feel a chill in the air? Well if you do it’s because there is no more global warming. Now you will probably ask, “What do you mean there is no more global warming?”. After all former VP and nobel prize winner Al Gore said in an interview to 60 minutes (excerpt):

Confronted by Stahl with the fact some prominent people, including the nation’s vice president, are not convinced that global warming is man-made, Gore responds: “You’re talking about Dick Cheney. I think that those people are in such a tiny, tiny minority now with their point of view, they’re almost like the ones who still believe that the moon landing was staged in a movie lot in Arizona and those who believe the world is flat,” says Gore. “That demeans them a little bit, but it’s not that far off,” he tells Stahl.

So if the smug and pompous one himself declares that there is global warming, how can I say there isn’t? Well aside from the scientific fact that there isn’t, the real reason is that the citizens of the Israeli city of Tel-Aviv put an end to it last night. From 8-9pm local time Tel-Aviv turned out the lights. For one hour citizens were urged to turn off their lights in an effort to save energy, and help limit damage to planet. There was even an “unplugged” concert attended by tens of thousands of people, and whatever power was needed was generated by bicyclysts peddling away and generating energy.

It was just beautiful, everyone sitting around in the dark, really making a difference. As an old fashioned male, I tend not to display my emotions in public. But after this event, I just couldn’t keep it in. I must admit it, I shed a tear.

The planet has been saved.

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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.

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