In this paper, we propose setting up a fund to finance the removal of all Swiss territorial GHG (greenhouse gas) emissions from 2030. The fund will accelerate decarbonization and help reach annual net zero emissions around 2040, and then progressively remove all past emissions emitted from 2030. The fund will be entirely funded by emitters, […]
Air travel is now recognized as the most important driver of anthropogenic climate change of all Swiss economic sectors, ahead of ground transport. Furthermore, It is widely expected that Swiss air travel will return to pre-COVID levels and continue its rise thereafter. We estimate that the planned air ticket tax in the revised CO2 Act would reduce future Swiss air travel demand in the future, by incentivising substitution behaviour away from air travel.
The Gross Domestic Product (GDP) is rightly criticized for not being an accurate measure of economic value added since it does not account for the environmental damages caused by the underlying economic activity.