The Federal Council of Switzerland has opened a consultation on the revised CO2 law for the period from 2025 to 2030, which aims to halve the country's greenhouse gas (GHG) emissions by 2030. The government proposed to maintain its tax on fossil fuels such as oil and gas at CHF120/tCO2eq (€115/tCO2eq). No new taxes will be be introduced and all companies undertaking to cut their oil- and gas-related emissions can be exempted from the CO2 tax. Importers of gasoline and diesel will be forced to offset some of their emissions. The government plans to invest to foster innovations in renewable jet fuel, while requiring airlines to mix fuels from renewable sources into their kerosene. About two-thirds of the targeted 50% emissions reduction by 2030 should be achieved domestically, with the rest via climate protection efforts abroad.
In addition, the government plans to allocate CHF2.9bn (€2.8bn) between 2025 and 2030 for the renovation of buildings and the switch to climate-friendly heating systems. Finally, the country will made funding available for the development of charging infrastructure for electric cars, for the conversion of bus fleets to electric propulsion systems as well as for the coverage of risks related to the extension of thermal networks.
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