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Federal Council approves agreement between Switzerland and Peru

Christian Fernsby |
The Federal Council approved an agreement between Switzerland and Peru that establishes a framework for some of Switzerland’s CO2 emissions to be offset through projects in Peru.

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It is the first agreement of its kind in the world under the Paris Agreement.

Switzerland is playing a pioneering role internationally and setting a standard for international climate projects that meet stringent environmental protection requirements, while also respecting international standards for the protection of human rights.

The agreement signed with Peru is the first of its kind in the world.

It commits both parties to use a method that prevents double counting of emission reductions.

It also defines a clear framework for the international transfer of emission reductions and their recognition by Peru and Switzerland.

The agreement is also pioneering in that it sets out criteria to ensure that climate projects do not harm the environment and that they support sustainable development and respect human rights during project implementation.

Under the agreement, there must be no hint of infringement of human rights or national legislation.

This would result in transfers of emission reductions being suspended for the project in question.

The criteria will be monitored continuously for the duration of the climate projects.

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