Fiscal politics play a key role in the energy transition. Ecological fiscal reform and the promotion of climate-friendly economic activity contribute to our meeting the goals of the Paris accord.
Successfully promoting sustainable development increasingly requires alternative and sustainable funding instruments, for instance for the energy-efficiency renovation of buildings. Similarly, sustainable assets and investments such as pension and savings funds are increasingly relevant.
Energy-efficiency renovation of buildings is still underfunded, which hampers the necessary improvement of Switzerland’s building stock. Longer-term loans are required in addition to the existing tools for promotion and financing through mortgages. The Swiss Federal Office of Energy has commissioned the IBR with drafting a proposal that is currently being tested and implemented in practice with financial institutions as well as representatives from the construction industry and public authorities. This process includes the development and implementation of a new, sustainable funding scheme and a new business model for the construction sector.
Hedging of long-term risks of investments in the climate-friendly refurbishment of buildings. Measures in the draft of the CO2 Act after 2020 (report commissioned by the Swiss Federal Office of Energy; not published yet).
Points of contact:
Justus Gallati, Stefan Bruni