Country:Switzerland
Year:2004
Policy status:Superseded
Jurisdiction:National
Date Effective:2004
Policy Type:Voluntary Approaches>Negotiated Agreements (Public-private sector), Economic Instruments>Fiscal/financial incentives>Taxes, Economic Instruments>Market-based instruments, Voluntary Approaches>Unilateral Commitments (Private sector)
Policy Target:Transport>Fuel, Buildings>Building Type
Agency:Climate Cent Foundation
URL:https://www.bafu.admin.ch/bafu/en/home/topics/climate/info-specialists/climate-policy/compensation-for-co2-emissions.html
Enforcement:Industrial Reporting
Penalty:Non-financial
Description:

Until 2012, the Climate Cent serves to buy carbon credits (CDM etc) from abroad to fulfill the Swiss Kyoto targets. From 2013, the voluntary Climate Cent will be replaced by a legal obligation on oil importers to offset directly a part of the CO2 emissions from transport fuel use. The offset will be financed by a levy that shall not exceed CHF 0.05 per litre of fuel. The government will define the share of transport emissions to be offset (between 5 and 40%) and to which extent offsetting can be performed domestically and abroad.

date effective: 2004 (updated 2009 and 2011)

Last modified: Mon, 30 Oct 2017 12:23:23 CET