The European Commission and Switzerland will launch in September 2020 a provisional system for the transfer of carbon emission allowances between the EU Emission Trading Scheme (ETS) and the Swiss ETS. The Linking Agreement between the EU and Switzerland entered into force on 1 January 2020. The transfer system was initially expected to start in May 2020, but the initial launch was delayed due to the COVID-19 pandemic. Allowance transfers will occur twice a month, except for September 2020 and for the transfers ahead of the delivery date of the December EUA futures contracts in mid-December (transfers executed twice a week). The transfer calendar covering 2021 will be published at the end of November 2020.
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 greater flexibility in meeting their CO2 targets.
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