The Swiss Climate Penny: An innovative approach to transport sector emissions

Anne Arquit Niederberger

Transport Policy, 2005, vol. 12, issue 4, 303-313

Abstract: Under a voluntary agreement with the Government, the Swiss private sector proposes to lauch an innovative Climate Penny Fund. Oil importers agree to contribute CHF 0.01-0.02 for each liter of gasoline and diesel sold. The measure will generate at least CHF 70 million annually to finance climate protection projects domestically and abroad, enabling Switzerland to eliminate the anticipated transport sector compliance gap and to fulfill its greenhouse gas emission reduction obligations. At reasonable cost, the Climate Penny buys time to implement transport sector policies, develop low-emission technologies/infrastructure and facilitate behavioral changes, while still delivering real, measurable and long-term climate mitigation results.

Date: 2005
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