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The Swiss National Council has rejected a motion to ban donations from public and systemically important companies to political parties, allowing UBS and other big banks to continue their contributions. Cédric Wermuth of the Socialist Party criticized corporate influence on politics, especially following the Credit Suisse crisis, while Justice Minister Beat Jans deemed the motion premature, citing ongoing analysis of new transparency rules for political financing. A similar motion will be considered by the Council of States.
UBS will continue its political donations after the National Council rejected a motion to ban contributions from public and systemically important companies. The Socialist Party criticized corporate influence on politics, highlighting that systemically important banks donated over one million francs in 2023. Justice Minister Beat Jans deemed the motion premature, citing new transparency rules for political financing that came into effect in October 2022, with a report from the Federal Council expected by year-end.
Karin Keller-Sutter, elected Federal Councilor in 2018, is known for her strategic flexibility and strong financial acumen, having moved to the Department of Finance in 2023. Criticized for her austerity measures and involvement in the Credit Suisse emergency sale, she emphasizes the importance of state capability while navigating complex political landscapes. Her journey from a restaurant in eastern Switzerland to a prominent political figure reflects her commitment to liberal ideals and personal responsibility.
Switzerland's environment minister, Albert Rösti, announced that the country will not increase state-sponsored climate aid to poorer nations, rejecting a proposal to triple funding to $300 billion. He emphasized the need for realistic financial commitments and indicated that any increase would rely on private investments. Switzerland has contributed $700 million to climate protection in developing countries and aims to meet its CO₂ reduction targets through both domestic measures and international projects.
Switzerland celebrated new carbon offset rules established at COP29 in Baku, which aim to restore trust in carbon markets amid concerns over greenwashing. The country, heavily reliant on offsets, is now positioned to define its agreements under Article 6.4, crucial for meeting its climate goals. However, critics warn of potential transparency issues and the risk of double counting in the offsetting process.
The Federal Council faced a mixed outcome today, with Elisabeth Baume-Schneider celebrating a narrow victory in health care financing reform, aimed at reducing insurance premium burdens. In contrast, Albert Rösti's highway expansion proposal was rejected, attributed to public skepticism and financial concerns. Guy Parmelin emphasized the need for modernizing rental laws through dialogue, following the public's disapproval of proposed amendments.
On November 24, Swiss voters approved the Efas healthcare reform while rejecting six motorway projects and two revisions of tenancy law. Health Minister Elisabeth Baume-Schneider hailed the healthcare reform as a significant advancement, while Transport Minister Albert Rösti acknowledged his first defeat, emphasizing the need for alternative traffic solutions. Economic Affairs Minister Guy Parmelin noted the public's desire to maintain tenant protections amid calls for updated tenancy laws.
Swiss voters recently faced critical decisions on motorway expansion, tenancy law revisions favoring landlords, and a new standardized healthcare financing model. Polls indicate a tight race, with significant opposition to the landlord reforms and mixed support for healthcare changes, reflecting ongoing public concern over rising costs and housing issues.
Switzerland is set to advocate for a new collective financial target for global climate protection at COP29 in Azerbaijan, aiming to increase donor participation, particularly from wealthy nations and major emitters like China and Saudi Arabia. The Swiss Federal Office for the Environment emphasizes that all countries should contribute according to their means, with a goal of mobilizing $1 trillion annually for climate initiatives in the Global South. The conference will also address the implementation of a global market mechanism for climate projects and the establishment of new climate targets for 2035.
Switzerland's Federal Council is poised to finalize a new treaty package with the EU by early 2025, following a previous rejection in 2021 that strained relations. Key figures, including Beat Jans and Viola Amherd, express varying levels of support, while others like Karin Keller-Sutter and Guy Parmelin weigh party pressures against economic needs. The outcome will likely hinge on parliamentary and public approval, with potential for a referendum.
Albert Rösti
People
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Swiss parliament allows big banks to continue political donations despite concerns
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