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Swiss Citizens Vote in Favor of New Net Zero Law
August 1, 2023On June 18, 2023 Swiss citizens voted in favor of a new climate law intended to promote carbon neutrality by 2050. The Federal Act on Climate Protection Targets, Innovation and Strengthening Energy Security, known as the Climate and Innovation Act, aims to reduce pollution and produce more energy for the country. Switzerland imports approximately three quarters of its energy, including all of its oil and natural gas. Under the Climate and Innovation Act, Switzerland would gradually reduce its consumption of oil and natural gas in order to become climate neutral by 2050. A second goal is for the country to produce more renewable energy in-country, rather than relying on imports.
