Connect with us

Hi, what are you looking for?

CleanTechnica
The European Union has announced that it will link its emissions trading system with Switzerland's own system, following a decision made by the European Commission. 

Policy & Politics

European Union To Link Emissions Trading System With Switzerland

The European Union has announced that it will link its emissions trading system with Switzerland’s own system, following a decision made by the European Commission. 

The European Union has announced that it will link its emissions trading system with Switzerland’s own system, following a decision made by the European Commission.

With all attention focused on the environmental impact the United Kingdom’s exit from the European Union (Brexit) will have on the region’s, and specifically the UK’s greenhouse gas emissions levels, the European Union has this week announced that it will now link its own emissions trading system with Switzerland’s, following the adoption of two proposals by the European Commission which finalized the deal between the EU and Switzerland.

Specifically, linking the two systems will allow participants in the EU Emissions Trading System (EU ETS) to use allowances from the Swiss system for compliance, and vice versa.

The move was described by Switzerland’s government as a “big step forward.”

The EU ETS is based on a ‘cap and trade’ system in which a cap is set on the total amount of certain greenhouse gas emissions that are allowed to be emitted by installations covered by the EU ETS. Operating in 31 countries — including all 28 EU Member States, plus Iceland, Liechtenstein, and Norway — the EU ETS limits emissions from more than 11,000 heavy energy-using installations including power stations and industrial plants, and airlines that operate between these countries, and covers around 45% of the EU’s greenhouse gas emissions. (Greater specifics of the EU ETS including the trading of allowances can be found here.)

Meanwhile, Switzerland’s emissions trading system covers 54 companies across cement, pharmaceutical, refinery, paper, district heating, and steel sectors, and is also based on a ‘cap and trade’ system, setting the maximum amount of emissions at 5.63 million tonnes of CO2 in 2013, then reduced by 1.74% each year, set to reach 4.91 million tonnes in 2020.

The big takeaway, in my opinion, from this announcement is the impact that it might have on the upcoming Brexit negotiations. Now that the EU has agreements in place for four non-European Union countries — Iceland, Liechtenstein, Norway, and now Switzerland — will the UK remain as part of the EU ETS, or will it create its own emissions trading scheme and link itself with the EU, or will it go it alone?

 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Clean Power

One of the largest pumped hydro facilities in the world is about to go online in Switzerland near the border with France.

Air Quality

The legislation which will come up for a vote in Congress very soon all but ensures that the fossil fuel industry will maintain current...

Clean Power

Shah's perspective is that we don't have the ability to go into Sim City and design whatever we want. We have to work with...

Aviation

This "solar tower" deploys solar energy to convert water and carbon dioxide to produce non-fossil kerosene for sustainable jet fuel.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.