Monday , November 4 2024
Home / le News / Swiss efforts to cut energy consumption deliver mixed results

Swiss efforts to cut energy consumption deliver mixed results

Summary:
On 31 August 2022, when an energy shortage loomed, Switzerland’s federal government launched a campaign to cut the nation’s energy consumption. Targets were set to cut gas consumption by 15% and electricity use by 10%. Photo by Pixabay on Pexels.comData published this week showed cuts to gas consumption exceeded the voluntary target set, while cuts to electricity were well below, reported RTS. Gas consumption in Switzerland fell by nearly 18%, well in excess of the 15% target. Electricity consumption fell by 4%, well short of the 10% target. It is unclear how much less energy was consumed overall. Some may have switched from burning gas and consuming electricity to burning heating oil or wood, two more polluting alternatives. In addition, it is not clear how much of the change

Topics:
Investec considers the following as important: , , , ,

This could be interesting, too:

Investec writes Swiss National Bank to issue new money

Claudio Grass writes Gold climbing from record high to record high: why buy now?

Investec writes End of lifelong widows’ pensions moves closer to reality

Investec writes Swiss government deficit shrinks further

On 31 August 2022, when an energy shortage loomed, Switzerland’s federal government launched a campaign to cut the nation’s energy consumption. Targets were set to cut gas consumption by 15% and electricity use by 10%.

Swiss efforts to cut energy consumption deliver mixed results
Photo by Pixabay on Pexels.com

Data published this week showed cuts to gas consumption exceeded the voluntary target set, while cuts to electricity were well below, reported RTS. Gas consumption in Switzerland fell by nearly 18%, well in excess of the 15% target. Electricity consumption fell by 4%, well short of the 10% target.

It is unclear how much less energy was consumed overall. Some may have switched from burning gas and consuming electricity to burning heating oil or wood, two more polluting alternatives.

In addition, it is not clear how much of the change can be attributed to government calls to cut consumption. The recent European winter was unusually mild, so much of the lower consumption may be due to lower heating requirements.

According to the Swiss Federal Office of Energy (SFOE), lower energy consumption is likely to follow higher energy bills, which many consumers are only beginning to be confronted with.

More on this:
RTS article (in French) – Take a 5 minute French test now

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *