Swiss voters have approved the climate law and innovation, which establishes the framework for the country's climate policy, targeting carbon neutrality by 2050, with interim objectives of at least 64% reduction in greenhouse gas (GHG) emissions between 2031 and 2040, at least 75% reduction until 2040 and at least 89% reduction between 2041 and 2050 compared to 1990 levels. The law also sets indicative sectoral targets for buildings (-82% by 2040, -100% by 2050), transports (-57% by 2040, -100% by 2050), and industry (-50% by 2040, -90% by 2050), compared to 1990 levels.
To support this goal, incentive instruments are planned. Financial support will be provided for replacing fossil fuel heating systems with climate-friendly alternatives with a maximum of CHF200m/year (€204m/year) for this purpose over a 10-year period. In addition, the government will offer financial support to businesses on the path to climate neutrality, using existing financial support measures for the adoption of climate-respecting innovative technologies and processes.