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Swiss Industry To Lower Greenhouse Gases Or Pay Out More Tax

by Ulrika Lomas, Tax-News.com, Brussels

12 December 2001


The Swiss government has announced that industries have until 2004 to introduce ways of lowering their emissions by investing in clean technologies and if they fail they will be faced with a carbon dioxide tax in a bid to reduce greenhouse gas emissions by 10 per cent compared with levels in 1990.

Philippe Roch, Swiss Environmental Agency boss, told the Swissinfo news service: 'The idea of the law was to allow total freedom for a period of 4-5 years to let the economy take the necessary measures to reduce carbon dioxide emissions.'

' The implementation of a tax is dependent on the results,' he added. 'The industry has reacted very positively saying it wants to invest and will take measures.'


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