European court ruling puts cautious Swiss in climate bind | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
May 29, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, MAY 29, 2025
European court ruling puts cautious Swiss in climate bind

Climate Change

Reuters
12 April, 2024, 01:45 pm
Last modified: 12 April, 2024, 01:47 pm

Related News

  • Japanese SMBC's $1.86b fossil fuel investments draining Bangladesh's public funds, civil society orgs claim
  • Climate change: BPATC trainers receive specialised training to develop course modules for enhancing locally-led adaptation
  • 19 million at risk of climate displacement by 2050 without effective measures, warns Prof Tasneem Siddiqui
  • Switzerland to enact Hamas ban from 15 May
  • Climate change impacts put 3.5cr Bangladeshi children at risk: Unicef official

European court ruling puts cautious Swiss in climate bind

Over 2,000 Swiss women - a third of them over 75 - said their country's inaction in the face of rising temperatures puts them at risk of dying during heatwaves

Reuters
12 April, 2024, 01:45 pm
Last modified: 12 April, 2024, 01:47 pm
FILE PHOTO: A cross-country skier is seen in the snow-covered landscape during sunny winter weather near Unteriberg, Switzerland January 20, 2017. REUTERS/Arnd Wiegmann
FILE PHOTO: A cross-country skier is seen in the snow-covered landscape during sunny winter weather near Unteriberg, Switzerland January 20, 2017. REUTERS/Arnd Wiegmann

Switzerland for all its snow-capped mountains and crisp Alpine air has failed to protect its people from the ravages of climate change, as a top European court ruled this week.

Behind the picture postcard exterior, critics say, is a country that has done too little for the planet and acted as a business hub for some of the most powerful international corporations in fossil fuels and mining.

Political analysts and academics also say entrenched conservatism and a political system governed by popular referendums will complicate reform even after Tuesday's ruling by the European Court of Human Rights in Strasbourg.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

It found in favour of over 2,000 Swiss women - a third of them over 75 - who said their country's inaction in the face of rising temperatures puts them at risk of dying during heatwaves.

The ruling cannot be appealed and the Swiss Federal Office of Justice, which represented the government before the court, said it must be implemented. It said it would analyse the ruling to determine the measures the country needed to take.

Immediately after the court decision, the Swiss Green Party called for climate targets for specific industries, including the finanical sector.

"People may have slightly beautiful dreams about Switzerland," Lisa Mazzone, the party leader, said.

"Switzerland is the country of commodity trading, Switzerland is the country with a strong financial sector with a lot of investment in fossil fuels," she added.

Swiss-based commodity trading companies handle 40% of all oil trades and 60% of the metal trading business, according to data published by industry association Suissenégoce.

The group of Swiss women known as KlimaSeniorinnen did not make Swiss trading central to their case, although their Greenpeace-backed campaign that lasted many years called for tougher regulation to curb transactions fueling global warming.

REFERENDUMS

A 2022 international study into environmental sustainability ranked Switzerland in the top 10, but government efforts to implement stricter climate goals have so far been limited by the country's regular referendums.

Leading Swiss newspapers took a sceptical view of the ruling in editorials that said it could undermine democracy.

The largest party, the right-wing Swiss People's Party, said Switzerland should withdraw from the Council of Europe, which seeks to promote human rights in Europe and beyond, calling the court's judges "puppets for activists".

Unlike most western democracies where central governments drive political change, Switzerland is governed by a cross-party consensus balancing the interests of its 26 cantons.

Dilara Bayrak, a Green politician in Geneva, said the ruling should still energise climate debate in cantonal parliaments.

FINANCIAL MUSCLE AND TONS OF CARBON

The ruling is also likely to sharpen environmental campaigners' focus on how Switzerland's serves global industry through its network of traders and banks.

The financial sector, including the central bank, is already under pressure from environmental groups to curb the number of climate-damaging transactions it processes.

Data published last month by the Swiss National Bank (SNB) showed that its investments were linked to 12 million metric tons of carbon emissions in 2023.

Stakes in oil majors Chevron Corp and Exxon Mobil are part of its foreign reserves, which stood at 655 billion Swiss francs ($738.28 billion) at the end of 2023.

The SNB said it is reducing its own CO2 emissions, but would not change its investment policy. It declined to comment when asked whether the Strasbourg court ruling would lead to changes.

The actions the ruling say Switzerland must carry out include revising its 2030 emissions reductions targets to align them with the Paris Agreement's aim to limit warming to 1.5 Celsius (2.7 Fahrenheit) above pre-industrial levels.

It also determined that Switzerland had not complied with its own targets for cutting greenhouse gas emissions and had failed to set a national carbon budget.

But the country's deep-rooted tradition of referendums is likely to make reform a slow process.

"It's not going to happen overnight," said Pascal Mahon, a professor of constitutional law at the University of Neuchâtel.

"Switzerland is a country that respects international law rather well," he added. "Authorities will make sure to (respect) it, but by doing it through the Swiss political system, that's still relatively slow and conservative."

Environment / Top News / World+Biz

Switzerland / climate change / European Court

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Two Memoranda of Understanding were signed at the seminar titled “Bangladesh Seminar on Human Resources,” in Tokyo on 29 May 2025. Photo: CA Press Wing
    Japan to recruit 100,000 Bangladeshi workers over next 5 years
  • Illustration: Duniya Jahan/TBS
    Tax gap between listed and non-listed firms may widen to 7.5% 
  • Incessant raining since this morning (29 May) caused intense traffic congestion on almost all the streets in the capital. The photo was taken from Tejgaon Industrial Area. Photo: Syed Zakir Hossain/TBS
    Commuters suffer as rain causes intense traffic congestion on city roads

MOST VIEWED

  • Google Pay. Photo: Collected
    Google Pay likely coming to Bangladesh soon
  • IFIC Bank receives Tk6,000 cr in new deposits in six months
    IFIC Bank receives Tk6,000 cr in new deposits in six months
  • Dhaka areas at a gridlock on Wednesday, 28 May 2025. Photo: Syed Zakir Hossain/TBS
    BNP, Jamaat rallies: Traffic clogs Dhaka roads, including Motijheel, Paltan, Dainik Bangla intersection
  • Abdul Awal Mintoo, chairman of National Bank Limited. Sketch: TBS
    'Regulatory support must for National Bank to restore depositors' confidence'
  • Mohammad Abdul Mannan, chairman FSIB Ltd. Sketch: TBS
    FSIB to bounce back soon
  • Mohammad Mamdudur Rashid, managing director and CEO, UCB. Sketch: TBS
    Customers’ trust and confidence fueling deposit growth at UCB

Related News

  • Japanese SMBC's $1.86b fossil fuel investments draining Bangladesh's public funds, civil society orgs claim
  • Climate change: BPATC trainers receive specialised training to develop course modules for enhancing locally-led adaptation
  • 19 million at risk of climate displacement by 2050 without effective measures, warns Prof Tasneem Siddiqui
  • Switzerland to enact Hamas ban from 15 May
  • Climate change impacts put 3.5cr Bangladeshi children at risk: Unicef official

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

2d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

3d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

4d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

4d | Wheels

More Videos from TBS

Trying to organize free and fair elections: Dr. Yunus

Trying to organize free and fair elections: Dr. Yunus

59m | TBS Today
What approach is First Security Islami Bank taking to bounce back?

What approach is First Security Islami Bank taking to bounce back?

1h | TBS Programs
Trump's tariffs on various countries are illegal: US court

Trump's tariffs on various countries are illegal: US court

2h | TBS World
Politics should be done openly, not secretly, in every educational institution

Politics should be done openly, not secretly, in every educational institution

2h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net