No CO2 tax is levied on fuel. Instead, Switzerland is trying to lower emissions through tougher CO2 provisions for passenger cars. In addition, major emitting sectors are obliged to implement CO2 compensation projects.
Also in 2008, the Swiss greenhouse gas emissions trading system (EHS) was launched, with participation being voluntary during the first five years. A revised version of the EHS became effective in 2013, according to which participation is compulsory for energy-intensive companies. In return, those companies are exempt from the CO2 steering tax. For medium-sized companies, participation remains voluntary. The emissions trading system EHS currently covers approximately 10% of Swiss greenhouse gas emissions.
Since January 1st 2020 the EHS is linked to the european emissions trading system (EU ETS). Thereby the greenhouse gas certificates of the EU and Switzerland are mutually recognized. With the linking of the two trading systems, the aviation sector in Switzerland is now obliged to participate in the ETS as well.
Faktor-Plus has been implementing greenhouse gas reduction projects in Switzerland in various sectors for many years, thereby generating greenhouse gas certificates and trading those for its customers.