Swiss Government Wants CO2 Levy On Cement Imports
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Bundesrat will CO2-Grenzausgleich bei Zementimporten
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Read more: Bundesrat will CO2-Grenzausgleich bei Zementimp
A CO2 border adjustment mechanism is intended to offset differences in the CO2 costs of cement production between Switzerland and third countries with less ambitious climate policies, the Federal Council announced on Wednesday. It recommends that parliament approve a corresponding bill from the National Council's Environment Committee.
In Switzerland, cement production is integrated into an emissions trading scheme (ETS). The ETS sets a price on CO2 emissions, thereby creating an incentive to reduce CO2.
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