CO2 Act (Switzerland)

Part of the levy is used for climate protection, and the remaining amounts are redistributed to the population and business community in proportion to their original payment (art.

In 2017, Switzerland ratified the Paris Climate Agreement, which calls for keeping the increase in the global average temperature well below 2°C above pre-industrial levels, preferably 1.5°C.

[8] During the debates in the National Council, the bill is considerably weakened and finally rejected in December 2018.

[20] According to the Swiss Academy of Sciences, the project will only achieve the climate targets through the massive purchase of foreign certificates, and this at the expense of taxpayers rather than domestic polluters.

[21] In December 2021, the Federal Council puts the new bill out to consultation, with the aim of halving emissions by 2030 and providing incentives for insulating buildings and replacing heating systems.

[3] It sets the objective for Switzerland to reach net-zero greenhouse gas emissions by 2050; it also provides financial support over ten years for home-owners and businesses to invest in green technologies.