The Swiss National Bank’s investments contribute to a catastrophic temperature rise of 4-6 degrees. On the occasion of the General Assembly on 27 April, the Climate Alliance calls for a climate stress test and publishes concrete recommendations.
«More than 60 per cent of the greenhouse gas footprint originates abroad». This is the title of the February 2018 edition of Federal Statistical Office's News. Thus, official Switzerland at last acknowledges its climate responsibility in the world.
This cash-strapped country, already being severely impacted by climate change, does not plan to wait for overdue climate payments from the North. Interview with Saleemul Huq, Climate and Development Researcher.
The Federal Council still has no plan for how it intends to raise about 1 billion francs annually for international climate protection projects. Worse yet, it confirms its intention to divert hundreds of millions from the development budget.
For years now the Swiss Government has known how additional climate funds could be raised. A report to the Federal Cabinet on the matter makes a sudden reappearance and confirms what Alliance Sud has long advocated.