by The Swiss consumed almost 11% less energy last year due to the Covid-19 pandemic and warmer weather, according to the Federal Office of Energy. Electricity pylons near Schaenis in canton St Gallen. © Keystone / Gaetan Bally In total, Swiss residents used up 747,400 terajoules (TJ) of energy in 2020 – a fall of 10.6% compared to 2019 – the office said in a statementExternal link on Monday. The two Covid-related lockdowns in spring and autumn, as well as warm weather, caused the sharp decrease in energy consumption, it said. Various indicators point to the large decrease. Estimations of distances covered by passenger vehicles and vehicle movements fell steeply. Air traffic was down by 64%, for example. Industrial production also decreased by 3.5% and gross domestic
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Featured, Latest News, newsletter
This could be interesting, too:
Guillermo Alcala writes USD/CHF slides to test 0.8645 support with US inflation data on tap
Swissinfo writes Swiss central bank posts CHF62.5bn profit
Nachrichten Ticker - www.finanzen.ch writes Trump-Faktor und Marktbedingungen könnten für neuen Bitcoin-Rekord sorgen
Charles Hugh Smith writes Is Social Media Actually “Media,” Or Is It Something Else?
The Swiss consumed almost 11% less energy last year due to the Covid-19 pandemic and warmer weather, according to the Federal Office of Energy.
Electricity pylons near Schaenis in canton St Gallen. © Keystone / Gaetan Bally
In total, Swiss residents used up 747,400 terajoules (TJ) of energy in 2020 – a fall of 10.6% compared to 2019 – the office said in a statementExternal link on Monday.
The two Covid-related lockdowns in spring and autumn, as well as warm weather, caused the sharp decrease in energy consumption, it said.
Various indicators point to the large decrease. Estimations of distances covered by passenger vehicles and vehicle movements fell steeply. Air traffic was down by 64%, for example. Industrial production also decreased by 3.5% and gross domestic product (GDP) fell by 2.9% compared to 2019, the energy office reported.
Warmer weather in 2020 also meant less energy was needed to heat apartments and buildings, it added.
Together this caused a -23% decrease in fuel consumption compared to 2019. Petrol and diesel consumption fell by 8.1% overall (petrol -11.4%, diesel -5.2%). Sales of jet fuel fell by 62.2%. Fossil fuels still account for roughly one-third of all energy consumed in Switzerland.
The impact of the pandemic on renewable energy sources varied last year. The consumption of wood and waste for energy purposes fell, as did biogas, but the use of solar energy and ambient heat via heat pumps increased.
You Might Also Like
Weekly SNB Sight Deposits and Speculative Positions: Inflation is there, CHF must Rise
2021-06-21
Update June 21 2021: SNB intervening. Sight Deposits have risen by +1.1 bn CHF, this means that the SNB is intervening and buying Euros and Dollars.
Switzerland and WHO launch global pathogen BioHub
2021-05-25
Switzerland and the World Health Organization (WHO) have agreed to launch the first WHO BioHub Facility. This will enhance the rapid sharing of viruses and other pathogens between laboratories and partners globally.
Telecoms company Sunrise to axe 660 jobs
2021-04-28
Switzerland’s second biggest telecoms group, Sunrise UPC, says it will cut 600 jobs by the end of 2022, following UPC’s CHF6.8 billion ($7.4 billion) takeover of Sunrise Communications last year.
Foreign firms creating more jobs in Switzerland despite pandemic
2021-04-11
Switzerland has remained an attractive location for foreign firms, creating more jobs last year than in 2019 – despite the economic effects of the coronavirus pandemic, Swiss public television SRF and RTS have reported.
Protecting livestock from predators costs Swiss taxpayers millions
2021-02-07
The federal government spends CHF4 million (around $4.4 million) a year to minimise the damage caused by predators like wolves and lynx.
Top Swiss banker Collardi reprimanded by financial watchdog
2021-01-21
Former Julius Bär CEO Boris Collardi has had his knuckles rapped by the Swiss Financial Market Supervisory Authority (FINMA) following an investigation into money laundering.
Swiss probing corruption linked to Lebanon central bank
2021-01-20
The Swiss attorney general’s office has requested legal assistance from Lebanon in the context of a probe into "aggravated money laundering" and possible embezzlement tied to the Lebanese central bank, Reuters reports from Beirut.
Covid-hit restaurants call for ‘compensation now’
2021-01-13
Half of all hotel and restaurant businesses in Switzerland will go bankrupt by the end of March if they do not receive immediate financial compensation for the effects of coronavirus restrictions, warns the sector’s umbrella organisation.
Tags: Featured,Latest news,newsletter
There has been a critical error on your website.