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Switzerland – April 2023
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A review of the voluntary carbon markets from a Swiss perspective
Worldwide voluntary carbon markets are flourishing. In 2021 the Taskforce on Scaling Voluntary Carbon Markets (TSVCM) estimated that demand for carbon credits could increase by at least a factor of 15 by 2030 and by a factor of up to 100 by 2050.1 Where the compliance carbon market is steadily regulated the regulation of voluntary markets is lacking behind in Switzerland. Below we will look at the voluntary carbon market paying specific attention to the legal aspects from a Swiss angle both the status quo and going forward.
Background
To limit global warming to 1.5 degrees Celsius in accordance with the Paris Agreement 2 global annual greenhouse gas (GHG) emissions are to be cut by 50% compared to current levels by 2030. By 2050 emissions are to be reduced to net-zero.3 Objectives like...
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