Country:Switzerland
Year:2003
Policy status:In Force
Date Effective:2003
Policy Type:Economic Instruments>Market-based instruments
Policy Target:
Agency:Swiss Agency for the Environment, Forests and Landscape
URL:http://www.bafu.admin.ch/klima/13877/14510/14512/index.html?lang=en
Description:

The Swiss government is in the process of defining a domestic emissions trading scheme. The scheme is primarily aiming at companies signing a legally binding commitment to reduce their energy related CO2 emissions, and thereby accepting an emission cap for 2008-12. In return, these companies will be exempted from a possible tax on fossil fuels. Allowances are allocated according to negotiated CO2 emission caps for 2008-2012. The underlying absolute reduction targets are derived in a bottom-up approach: on the basis of production and emission projections the industrys technically feasible and economically viable reduction potential is assessed taking into account CO2 relevant measures already implemented. A simplified top-down approach is available for SME. Several works are in progress in order to finalise the scheme: - elaboration of detailed regulations on the use of the flexible mechanisms; - set up of a national registry which should be operational by the end of 2005; - possible linkage of domestic emission trading schemes (EU). As of June 2005, the Swiss government planned to include 600 installations in a trading scheme to operate from 2008. Emitting between 4-5 MtCO2, or 10-15% of the nations total carbon dioxide emissions, these installations will be able to use purchased ERUs and CERs to comply with up to 8% of their individual reduction obligation.

This record supersedes:Swiss Emissions Trading Scheme and CO2 Tax

Last modified: Tue, 19 Jan 2016 11:48:00 CET