In his article “Swiss entity raises fuel levy to buy an extra $663 million worth of ITMOs”, the author Paddy Gourlay looks at the implications of the KliK Foundation’s recent announcement to increase the fuel offset fee to eight cent per litre. Gourlay shows that with the increased fee, the KliK Foundation will be able to secure commitments for many new programme developers to purchase the additional attestations required by 2030. Carbon Pulse quotes Marco Berg: “More than half of the resulting increased income, around CHF 600 mln ($663 mln), will be used to purchase more of the foreign credits, known as Internationally Transferred Mitigation Outcomes (ITMOs)”.

With the increase of the fee for fuel compensation, the KliK Foundation expects to be able to fulfil the compensation obligation laid down in the CO2 Act to compensate for part of the CO2 emissions caused by the use of fuels in Switzerland.