This is a good thing!
The fact that this is happening Israel is a good thing.
A few years back now, all the major car companies (GM etc) were researching "green" cars, do you not remember the constant talk of the millions of dollars that were being sunk into R&D?
Well Geroge W. had a word. It wasn't really "good for the country" at that point to seriously start thinking about moving away from Oil. Not when it was his family business after all. So they didn't, research budgets were cut, and the US suggested the TOTAL waste of time: Carbon trading.
For those who don't know, carbon trading is essentially the Americans, justifying using their SUVs and releasing vast amounts of Co2 by bunging developing nations a few quid and saying that they were using their carbon quota.
This money then gets spend on useful things for the developing nation, like guns, bombs, knives and khaki.