Target Agreements

The target agreements had been drawn up under the stewardship of the Energie-Agentur der Wirtschaft (EnAW), in most cases with a view to a later exemption from the carbon tax. All companies were eligible that had been members of EnAW before 1 November 2006 and were party to an approved target agreement with the Swiss Confederation. Furthermore, the offered quantity of CO2 reductions over the years 2007-12 had to amount to at least 250 tonnes.

Companies with target agreements in the combustibles sector could only sell to the Foundation overfulfilments of their target agreement. This was to ensure that the target pledged by the company was achieved whatever happened. For CO2 reductions in the combustibles sector, the price was determined at auction. In two auction rounds, the Climate Cent Foundation acquired overfulfilments by 242 companies with target agreements in the combustibles sector, totalling 1.31 million tonnes of CO2 over the period 2008 to 2012. In the first auction round, CO2 emissions reductions were acquired at a price of 70 Swiss Francs per tonne, in the second auction round at a price of 100 Swiss Francs per tonne. Rules for combustibles (in German)