The linking of their greenhouse gas emissions trading systems

This agreement aims to connect the European Union Emissions Trading System (EU ETS) with the Swiss emissions trading system. By linking these two markets, the EU and Switzerland seek to create a more efficient way to reduce greenhouse gas emissions and combat climate change through a shared carbon pricing mechanism.

This procedure affects companies in the industrial and energy sectors of both the EU and Switzerland, allowing them to use credits from either system to meet their emissions targets.