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Tag Archives: environment

Swiss flood damage could cost half a billion francs

[unable to retrieve full-text content]Switzerland’s four largest buildings insurers estimate the costs of recent weather events could reach half a billion francs across Switzerland, reported RTS. According to Grégoire Deiss, who works for the cantonal buildings insurer ECAB in Fribourg, the cost of recent storms and flooding could be around CHF 500 million across all of Switzerland, a figure he based on claims that have been made so far.

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Swiss flood damage could cost half a billion francs

Switzerland’s four largest buildings insurers estimate the costs of recent weather events could reach half a billion francs across Switzerland, reported RTS. © Angela Schmidt | Dreamstime.comAccording to Grégoire Deiss, who works for the cantonal buildings insurer ECAB in Fribourg, the cost of recent storms and flooding could be around CHF 500 million across all of Switzerland, a figure he based on claims that have been made so far. However, the final bill remains uncertain. More...

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Central Switzerland braces itself for another ‘flood of the century’

The River Aare at a weir just before flowing into Lake Biel on Friday. Lake Biel is threatening to reach a record level. Keystone / Jean-christophe Bott Lakes and rivers in central Swiss cantons such as Bern and Lucerne have reached dangerous levels, and more rain is forecast for Thursday and Friday. On Wednesday authorities in canton Bern said water levels on Lake Thun, Lake Biel and in the city of Bern would significantly exceed flood limits in the coming days....

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Toxic Metals Studies Add to Frustrations Surrounding Swiss-Owned Mine in Peru

Health concerns over toxic metals in remote communities near a mining complex in the Peruvian Andes are gaining ground after the publication of several reports. Glencore which owns the mine, points at natural mineralisation of the environment. Villagers say the Tintaya-Antapaccay mine has left animals in their herds dying or aborting and people becoming severely ill Paula Dupraz Over 1,000 kilometres from Peru’s capital, and half a world away from Glencore’s...

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Swiss CO2 taxes to rise in 2022

Switzerland has a mechanism that automatically increases taxes on fossil fuels if emission reduction targets are not met. And the small reduction in emissions in 2020 is not enough to avoid triggering a CO2 tax rise in 2022. © Jean-michel Feinen | Dreamstime.comData published this week by the Federal Office for the Environment (FOEN) confirms the slow progress in reducing emissions in Switzerland. Emissions from heating oil and gas did not fall enough in 2020 to avoid triggering a rise in...

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Swiss Narrowly Miss CO2 Emission Targets

CO2 emissions from heating oil and gas only dropped slightly last year despite mild winter temperatures. © Keystone/Gaetan Bally Switzerland has again failed to meet its goals for reducing greenhouse gas emissions, prompting a rise in CO2 taxes. Last year emissions from fuel, including heating oil and gas, were 31% lower than 1990 levels, according to data released by the Federal OfficeExternal link for the Environment on Wednesday. This is unchanged from 2019 and...

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Swiss Meat and Eggs often not very Swiss

Any animal raised and slaughtered in Switzerland can be labelled Swiss. However, what the animal has been fed could be from anywhere. If animals are what they eat then much of the meat and eggs labelled Swiss aren’t very Swiss. © Sergio Bertino | Dreamstime.com A key challenge for meat, dairy and egg consumers is the absence of information on labels, which is limited to provenance. Information about what an animal has been fed is not contained on the labels of meat,...

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Green Returns

In the NBER working paper “Dissecting Green Returns,” Lubos Pastor, Robert Stambaugh, and Lucian Taylor argue that excess returns on green assets during recent years are unlikely to predict expected excess returns. At least that’s what theory suggests: … green assets have lower expected returns than brown, due to investors’ tastes for green assets, yet green assets can have higher realized returns while agents’ tastes shift unexpectedly in the green direction. … green tastes can...

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Switzerland’s Battle of the Bees

The risk to bees through pesticides and the ensuing effects on the world’s food crops have been the source of much debate. But do Swiss measures to support the domestic honeybee disadvantage the equally important wild bee? It is not easy to identify the 615 different species of wild bees found in Switzerland. Max Huber After some years in the regional print and broadcast media in French Switzerland, in 2000 I joined Radio Swiss International, which then became...

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Swiss to vote on CO2 taxes. How much could it cost?

On 13 June 2021, Swiss voters will decide on whether to accept a government plan to raise taxes on certain high emission activities, which include additional taxes on heating oil, flights and petrol and diesel for road use. © Heiko Kueverling | Dreamstime.comThe aim of the revised law is to change behaviour and reduce Switzerland’s emissions. The amount that the proposed taxes would cost an average family range from around CHF 100 to CHF 1,000 depending on who is calculating it. In...

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