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  4. Climate Cleanup Fund – funding and accelerating Swiss Net Zero
 
conference paper

Climate Cleanup Fund – funding and accelerating Swiss Net Zero

Nick, Sascha  
•
Thalmann, Philippe  
January 27, 2022
Energieforschungsgespräche Disentis 2022. Abstracts
Energieforschungsgespräche Disentis 2022

The June 2021 rejection of the Swiss CO2 law leaves the Swiss Net Zero strategy highly uncertain. We develop and analyze a new approach based on fully funding future required CO2 removal, using biological and geological means. 100% of Swiss territorial emissions would be removed in Switzerland, and all embodied emissions of imports in the region where they were emitted, to ensure compatibility with the future European carbon border adjustment mechanism. The project covers (1) Establishing new responsibilities and principles of Swiss climate action once the global 1.5°C budget is exhausted, likely by end 2027, (2) Preparing the creation of a Climate Cleanup Fund to effectively finance removal of CO2 in excess of the remaining carbon budget, for these emissions replacing all current instruments (ETS, CO2 levy, KliK), and (3) Setting up a pilot project, at the scale of 0.1% to 1% of the Climate Cleanup Fund depending on number of participating organizations, to test and refine all aspects of funding, project selection, accounting, governance, and communication.

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Type
conference paper
Author(s)
Nick, Sascha  
Thalmann, Philippe  
Date Issued

2022-01-27

Published in
Energieforschungsgespräche Disentis 2022. Abstracts
ISBN of the book

978-3-033-09015-6

Start page

55

URL

Book of Abstracts

https://www.alpenforce.com/sites/default/files/2022-02/Energieforschungsgespra%CC%88che2022_Publikation_GzD1b.pdf
Editorial or Peer reviewed

NON-REVIEWED

Written at

EPFL

EPFL units
LEURE  
Event nameEvent placeEvent date
Energieforschungsgespräche Disentis 2022

Kloster Disentis

26-28.01.2022

Available on Infoscience
January 21, 2022
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/184699
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