SNB can continue to ignore climate risks, Swiss lawmakers say
The Swiss National Bank won’t have to take climate and environmental risks into account in its monetary policy, according to the country’s parliament.
This content was published on
1 minute
Bloomberg
While a number of institutions including the European Central Bank and Sweden’s Riksbank have started to address climate change issues, Swiss lawmakers on Wednesday followed the stance of departing SNB President Thomas Jordan, who has repeatedly said that the central bank should have a narrow mandate focused on inflation control and shouldn’t put global warming on its agenda.
A center-right majority in parliament’s House of Representatives turned down five separate proposals of Green and left parties, voting 111-72, according to a notice on the body’s website. The identical bills aimed at adjusting the law governing the central bank to include a provision that the SNB “take climate and environmental risks into account in the conduct of its monetary policy.”
The decision is the latest blow against the agenda of Swiss environmental activists, who have frequently criticised the institution – in particular for investing its vast foreign-exchange reserves in pollution-heavy companies.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Foreign affairs
European nations snub Swiss-made weapons over Ukraine restrictions
Switzerland will deliver rubble removal equipment to Ukraine
This content was published on
Thirty rubble removal machines and thirty fire-fighting pumps: this is the equipment that Switzerland will be delivering to the Ukraine in the next few days. The total value of these goods is 5.6 million Swiss francs.
A third of Swiss residents plan to change health insurers
This content was published on
After the announced sharp increase in premiums for 2025, about one in three people would be considering changing health insurance companies.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.