"Climate change is presenting Israel with numerous opportunities for enhanced regional cooperation," the report noted.
The cost of solar power, which is already the cheapest form of electricity production, will fall as low as $20 per megawatt-hour.
Sunday's government decision "proves the seriousness" Israel is placing on the issue of environmental sustainability.
At the COP 28 conference in Dubai, Israel is looking to take charge and be a global leader in the fight against climate change.
Englman told Jerusalem Post correspondent Khaled Abu Toameh how he had prioritized cyber security in his audits of government and civil organizations.
COP 28 kicks off on November 30, and the prime minister or president and at least five other senior ministers are expected to participate.