The European Commission and Switzerland have decided to postpone the launch of a provisional solution for the transfer of carbon emission allowances between the EU Emission Trading Scheme (ETS) and the Swiss ETS for a few months, due to the COVID-19 pandemic. The linking was initially expected in May 2020 but will now be operational in September 2020.
The Linking Agreement between the EU and Switzerland entered into force on 1 January 2020. The postponement will not affect the capability of operators to surrender emission allowances of both systems for compliance with 2020 emissions in April 2021.
Liking the ETS systems is expected to reduce Swiss emissions at a lower cost and improve trading and pricing. It will also enable Swiss companies to operate in the same emissions market as their business partners in the European Union and to have a greater flexibility in meeting their CO2 targets.
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