This country is not doing well on carbon emissions, according to a new report from the consulting firm McKinsey.
While emissions from inside the country are 50 million tonnes, which is less than point 1 percent of the global total – that number soars when goods being imported into the country are taken into account, the operations of Swiss companies abroad and those financed by the Swiss economy.
That would add around a billion tonnes to the total output.
The McKinsey researchers say that Switzerland is a significant contributor of carbon emissions and has a direct influence on 3% globally.
That puts this country on the same level as Brazil and Indonesia.
Under the Paris Agreement, Switzerland has pledged to halve emissions by 2030. But the government has to redraw its plans after voters rejected the proposed package last year.
The Federal Council says it will not take any immediate retaliatory measures against the United States following the Trump Administration’s decision hit Switzerland with a 31% tax on exports.
In a hard-hitting editorial in the Blick newspaper this morning – it calls Trump an ‘angry old man’ - the paper says the Federal Council has to face the issue of world trade with clarity and courage – but admits it has a tough job ahead.
A Geneva court has thrown out an appeal against the new vehicle tax levied by Geneva which caused shock and surprise at the beginning of the year when many saw their tax bills soar.
US president Donald Trump unveiled a series of tariffs against countries around the world. He says the United States has been ‘looted, robbed and raped’ by friends and foes alike.