Swiss ETS
The Swiss Emissions Trading System (Swiss ETS) is a cap-and-trade carbon market established in 2008 and made mandatory in 2013 for large emitters in Switzerland. Its functioning is similar to the EU ETS, using carbon pricing to create an incentive to reduce greenhouse gas emissions. Since January 1, 2020, the Swiss ETS has been formally linked to the EU ETS, allowing mutual recognition and trading of allowances (EUAs and CHUs). This linkage enhances market efficiency and supports Switzerland’s climate goals through cross-border cooperation.