In 2020, the Swiss Climate Foundation “allocated a record amount of money to a record number of SMEs,” as was reported in a press release on its 2020 Annual Report. Specifically, around 400 climate protection projects from companies in Switzerland and Liechtenstein were boosted with a total of 5 million francs. When compared with the previous year, this corresponds to an increase of 16 percent.
The funds for the grants are raised from renowned service companies who donate net refunds from the carbon incentive tax to the Foundation. In its grant program, the Swiss Climate Foundation is working together with LIFE Climate Foundation Liechtenstein. This will allow companies from Liechtenstein to now also submit grant applications. In return, Liechtenstein service companies will also donate their CO2 tax rebates. The press release mentions the VP Bank and Liechtensteinische Landesbank.
The Swiss Climate Foundation reveals that the majority of funds in the reporting year went to projects for the development of innovative technologies. Specifically, these included technology to capture carbon in concrete and a process for creating insulation material out of fly ash.
“If we want to achieve these climate targets, we urgently need such pioneering technologies in the construction and agricultural sectors,” said Thomas Hügli in the press release. The President of the Swiss Climate Foundation is confident that these targets cannot be reached simply by business reducing and offsetting its emissions. “We are therefore pooling the strengths of individual partner companies in the Foundation to efficiently further expand the promotion of climate innovations in a focused way.”