Emissions trading

Two chimneys emitting clouds of smoke
Switzerland and the EU concluded the negotiations with a view to linking their systems of CO2 emission trading rights. © Fotolia

With the agreement on emissions trading Switzerland and the European Union (EU) are linking their systems for trading CO2 emission rights (emissions trading schemes). Emissions trading aims to reduce the production of greenhouse gases where it is most cost-effective.

The EU aims to link its scheme with other emission trading schemes in order to create a global market. The EU Emissions Trading Scheme (EU ETS) has established itself as the world's biggest market for emissions allowances and is an important instrument in the fight against climate change.

Chronology

  • 23.11.2017: signing of the agreement
  • 13.1.2016: initialling of the agreement by the EU
  • 21.12.2015: initialling of the agreement by Switzerland
  • 8.3.2011: start of the negotiations

Status August 2018

Additional information