A majority of Swiss voters elected to pass a new climate change law on Sunday which will see the country reduce its reliance on imported oil and gas.
Final results released by the public broadcaster SRF showed that 59.1 per cent of voters approved the passing of the bill, while 40.9 per cent voted against it.
“The supporters have reason to rejoice,” Urs Bieri of the GFS Bern Institute told SRF.
“But by no means everyone is in favour of the law. The argument with the costs has brought many ‘no’ votes.”
Recent opinion polls had shown widespread support for the “Federal Act on Climate Protection Targets, Innovation and Strengthening Energy Security” bill, as the Swiss witness the impact of global warming on the country's rapidly melting glaciers.
In the run-up to Sunday's vote, a survey showed despite 63 per cent being prepared to vote in favour of the bill, there was nervousness over the ability of country to quickly replace imported energy with home-grown, green alternatives.
Switzerland imports 75 per cent of its energy. All of its oil and gas comes from abroad.
Climate activists had lobbied for a total block on oil and gas imports by 2050, but the government subsequently opted not to have an outright ban in the final bill.
Instead, the new law will pledge 2 billion Swiss francs ($2.2 billion) over a decade to kick-start the replacement of gas or oil heating systems with greener alternatives.
Opposition from the Right
The right-wing SVP party said the law would create supply problems and send household electricity bills soaring.
SVP leader Marco Chiesa said the bill would effectively be a “electricity-wasting law” driving up energy costs by 400 billion Swiss francs, and have “no impact” on the global climate.
Meanwhile, environmentalists welcomed the triumph of the “yes” vote.
“This victory means that at last the goal of achieving net-zero emissions will be anchored in law. That gives better security for planning ahead and allows our country to take the path towards an exit from fossil fuels,” said Georg Klingler, an expert on climate and energy at Greenpeace Switzerland.
“The result of the vote shows that the citizens of our country are committed to the aim of limiting global warming to 1.5°C in order to preserve as much as possible our glaciers, our water reserves, our agriculture and our prosperity.
“I am very relieved to see that the lies disseminated by the opposite camp during the campaign did not sow the seed of doubt in people,” he added.
Back in April, the World Meteorological Organisation said the economic impact of Switzerland's melting Alpine glaciers would have a serious impact on the country's economy – from loss of tourism and the potential for natural disasters such as landslides, to the possible lowering of river levels that supply hydroelectric power plants.
Swiss glaciers lost 6 per cent of their volume last year, a figure that rang alarm bells for scientists who said a 2 per cent loss due to melting would have been considered extreme.
Between 2001 and 2022, Switzerland's glaciers lost around a third of their volume.
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Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
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The Year Earth Changed
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Other simple ideas for sushi rice dishes
Cheat’s nigiri
This is easier to make than sushi rolls. With damp hands, form the cooled rice into small tablet shapes. Place slices of fresh, raw salmon, mackerel or trout (or smoked salmon) lightly touched with wasabi, then press, wasabi side-down, onto the rice. Serve with soy sauce and pickled ginger.
Easy omurice
This fusion dish combines Asian fried rice with a western omelette. To make, fry cooked and cooled sushi rice with chopped vegetables such as carrot and onion and lashings of sweet-tangy ketchup, then wrap in a soft egg omelette.
Deconstructed sushi salad platter
This makes a great, fuss-free sharing meal. Arrange sushi rice on a platter or board, then fill the space with all your favourite sushi ingredients (edamame beans, cooked prawns or tuna, tempura veggies, pickled ginger and chilli tofu), with a dressing or dipping sauce on the side.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
