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Swiss Federal Statistical Office

Switzerland: Current CO2 Tax Does Little to Help Solar Thermal

Submitted by Baerbel Epp on November 16, 2017
Oil price chartThe solar thermal market in Switzerland has been shrinking for the past years because of increasing competition from photovoltaics and heat pumps. Additionally, the low oil price has led to a wait-and-see attitude among potential customers. The market continues to show no signs of an upturn despite the introduction of a CO2 tax on fossil fuels around 10 years ago. This tax, however, has done little to compensate for the one-third reduction in oil prices in 2015 and 2016. A more suitable alternative would be a levy linked to oil and gas prices.
Source: Swiss Federal Statistical Office
 

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