Business Standard

Switzerland is paying poorer nations to cut emissions on its behalf

The agreements raise concerns that other countries will follow suit, delaying more difficult cuts of greenhouse gas emissions in wealthier nations

Greenhouse gas emissions
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Switzerland, one of the world’s richest nations, has an ambitious climate goal: It promises to cut its greenhouse gas emissions in half by 2030.

But the Swiss don’t intend to reduce emissions by that much within their own borders. Instead, the European country is dipping into its sizable coffers to pay poorer nations, such as Ghana or Dominica, to reduce emissions there — and give Switzerland credit for it.

Here is an example of how it would work: Switzerland is paying to install efficient lighting and cleaner stoves in up to 5 million households in Ghana; these installations would help

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