Switzerland plans to impose an automobile import tax on electric cars starting in 2024 to generate revenue for road maintenance and infrastructure projects. The tax exemption for electric cars is no longer necessary due to their increasing popularity and affordability. The policy aims to promote innovation and development in the electric vehicle industry while encouraging sustainable transportation options.

Swiss Re warns of increasing natural catastrophes due to climate change, urbanization, and growing populations. Half of the $125bn insured losses in 2022 were from Hurricane Ian. Urgent need for climate adaptation and net-zero emissions by 2050.

Helvetia Environnement Group has received B Corp certification for their sustainable practices and aims to become carbon neutral by 2025. They have invested in waste management, renewable energy, and safety measures to reduce their impact on the environment.

Holcim sets new targets for net-zero emissions, investing $2B in CCUS tech to achieve it. The company also promotes low-carbon building solutions and circular construction to mitigate the environmental impact of its operations.

IMF’s assessment of Switzerland’s economy shows resilience in a challenging environment, but slow growth and high inflation are predicted for 2023. Switzerland’s appropriate policies consider the global economic situation, financial risks, and the environment. The IMF also commends authorities’ decisive action on the Credit Suisse-UBS takeover.

Destinus successfully tests hydrogen-powered passenger jet prototype to reduce travel times and promote sustainable transportation. €12m invested in Eiger plane and a hydrogen engine test facility near Madrid built with ITP Aero. The company aims to develop hydrogen-based mobility solutions.

Swiss biotech Bachem received a platinum medal from EcoVadis for sustainable practices, elevating it to the top 1% in its sector. EcoVadis evaluates companies’ sustainability performance, helping them understand their suppliers’ practices.

Swiss start-up Sun-Ways plans to install solar panels on railway tracks using a removable system, generating 1 TWh of solar energy annually. The firm aims to expand across Europe and cover 50% of the world’s trains.

Swiss insurance company, Baloise, has invested in TRONITY, a data-driven solution that provides electric vehicle users with transparent and comprehensive information about the costs associated with their vehicles as well as related services.

Switzerland will observe the first International Day of Zero Waste on March 30, as designated by the UN. The day aims to emphasize sustainability and address waste’s environmental impact. Switzerland generates 5M tons of waste annually, with only 60% recycled.