Enabling faster rollout of renewables can help Switzerland reach climate and energy goals, new IEA policy review says - News - IEA - IEA
Enabling faster rollout of renewables can help Switzerland reach climate and energy goals, new IEA policy review says - News - IEA
September 2023
Country report
Switzerland 2023
Switzerland has enshrined its 2050 net zero target in law, for the first time acknowledging the role of negative emission technologies and carbon capture and storage to address emissions from hard-to-abate sectors. However, current policy measures are not sufficient to reach Switzerland’s mid-term emissions reduction target for 2030. In this report, the IEA provides energy policy recommendations to help Switzerland effectively manage the transformation of its energy sector in line with its climate targets.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”