Tax breaks harm climate, says Swiss study

The abolition of all tax concessions with a climate impact can reduce Swiss carbon dioxide (CO2) emissions by 2.5 million tonnes per year, according to a study by the Swiss Federal Institute of Technology Lausanne (EPFL) and the University of Lausanne. +Get the most important news from Switzerland in your inbox This corresponds to almost 6% of national greenhouse gas emissions, the EPFL announced on Monday. This would generate tax revenue of CHF4.6 billion ($5.2 billion), of which the largest share...