Linking of the Swiss and EU emissions trading systems: Federal Council approves revision of the CO2 Ordinance
At its meeting on 13 November 2019, the Federal Council approved the revised Ordinance on the Reduction of CO2 Emissions. This, together with the amendment to the CO2 Act adopted in March 2019 and the agreement with the EU, will enter into force on 1 January 2020. From 2020, emissions from civil aviation and fossil fuel power stations will also be included in the Swiss ETS, as is already the case in the EU. Linking the two schemes allows companies in the Swiss ETS to trade emission allowances in the larger EU emissions market.