Switzerland launched revised proposals aimed at meeting its target of halving greenhouse gas emissions by 2030 after voters last year narrowly rejected its first attempt as too burdensome. Draft legislation approved by the cabinet omits the new surcharges on airplane tickets and car fuel that doomed the first try, focusing instead on around CHF4.1bn (USD4.3bn) in state investments to protect the climate. Around CHF2.8bn is earmarked for making buildings greener. Another CHF800mn will go towards transport improvements including electric vehicle charging stations and buying electric buses for public transport.

Source: ESG News